Colorado Probate Blog - Wade Ash Woods Hill & Farley, P.C.

Retirement Plan and IRA Changes

Congress passes last minute tax changes...

Continue reading
  270 Hits
270 Hits

Colorado's New Trust Decanting Statute

Effective August 10, 2016, the Colorado legislature enacted C.R.S. § 15-16-901 et seq., the Colorado Uniform Trust Decanting Act (the “Act”). “Decanting” generally refers to the distribution of trust property from one trust to another trust pursuant to a trustee’s discretionary power to make distributions for beneficiaries. New York was the first state to enact a trust decanting statute in 1992; now, nearly half of the states, including Colorado, have specific statutes addressing and authorizing trust decanting in various forms.

Continue reading
  4445 Hits
4445 Hits