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Colorado Revised Statutes Title 15. Probate, Trusts, and Fiduciaries § 15-1.2-305. Unitrust policy

Current as of January 01, 2022 | Updated by FindLaw Staff

(1) In administering a unitrust under this part 3, a fiduciary shall follow a unitrust policy adopted under section 15-1.2-303(1)(a) or (1)(b) or amended or replaced under section 15-1.2-303(1)(b).

(2) A unitrust policy must provide:

(a) The unitrust rate or the method for determining the unitrust rate under section 15-1.2-306;

(b) The method for determining the applicable value under section 15-1.2-306; and

(c) The rules described in sections 15-1.2-306 through 15-1.2-309 which apply in the administration of the unitrust, whether the rules are:

(I) Mandatory, as provided in sections 15-1.2-307(1) and 15-1.2-416; or

(II) Optional, as provided in sections 15-1.2-306, 15-1.2-307(2), 15-1.2-308(2), and 15-1.2-309(1), to the extent the fiduciary elects to adopt those rules.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 15. Probate, Trusts, and Fiduciaries § 15-1.2-305. Unitrust policy - last updated January 01, 2022 | https://codes.findlaw.com/co/title-15-probate-trusts-and-fiduciaries/co-rev-st-sect-15-1-2-305/

Read this complete Colorado Revised Statutes Title 15. Probate, Trusts, and Fiduciaries § 15-1.2-305. Unitrust policy on Westlaw

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