Web(a) Be terminated upon consent of all of the beneficiaries if the court concludes that continuance of the trust is not necessary to achieve any material purpose of the trust; or (b) Be modified upon consent of all of the beneficiaries if the court concludes that modification is not inconsistent with a material purpose of the trust. WebSMALL TRUST TERMINATION. If, at any time, any Trust shall be in the aggregate principal value of Ten Thousand Dollars ($l0,000.00) or less, the Trustee may, in him sole …

Colorado Trust Code Colorado General Assembly

WebJun 15, 2024 · Some of the most common termination methods are: Age termination. The trust creator puts a clause into the trust stating automatic trust termination when the beneficiary reaches a specific age. For example, the document “trust property is to be transferred to the beneficiary when they reach age 21.” WebObtain access to the Colorado Termination of Trust by Trustee with US Legal Forms, the most considerable collection of lawful document templates. Use thousands of skilled and … sphinx heythuysen

FEATURE FEATURE TRUST AND ESTATE LAW TITLE …

WebA previous Colorado Lawyer article covered a range of ways to modify irrevocable trusts, including the use of methods set forth in the CUTC. 1 This article digs deeper into one of the more exciting areas of the CUTC, the CRS § 15-5-111 provision for a nonjudicial settlement agreement (NJSA), which states that “any person may enter into a binding … Web(a) Be terminated upon consent of all of the beneficiaries if the court concludes that continuance of the trust is not necessary to achieve any material purpose of the trust; or … WebTRUST TERMINATION. out some of the more important reasons for being concerned with the termination date of a trust. The first reason is that the trust instrument itself does not necessarily control the exact termination date for tax purposes. Assume, for instance, a trust with income to the grantor's wife for sphinx high waist