Modification to achieve settlor's tax objectives

Colo. Rev. Stat. § 15-5-416, under Probate, Trusts, and Fiduciaries.

Colo. Rev. Stat. § 15-5-416

To achieve the settlor's tax objectives, the court may modify the terms of a trust in a manner that is not contrary to the settlor's probable intention. The court may provide that the modification has retroactive effect.

Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1165, � 1, effective January 1, 2019.