j_ccu_2018a_2018-10-15t11:02:04z0 Hearing Summary

New business: Kevin Millard, Colorado Bar Association (CBA) Trusts & Estates Section, reported that his section had completed its review of the 2017 Uniform Directed Trust Act and, as indicated in a written report, suggested some minor changes to conform it to Colorado law. The section supports the act and hopes that the commission will move to introduce it this session. The commission asked about other CBA section approval. Jeremy Schupbach, CBA Director of Legislative Relations, confirmed that the Elder Law section has also reviewed and approved the act, but that the act still needs to go through the legislative policy committee before getting full bar approval. The commission thanked the CBA for its work on this review.

Commissioner Steadman moved that the commission request a bill draft for the Uniform Directed Trust Act with the minor changes recommended by the bar association. The motion passed without objection. The commission also directed that staff share the report with the Uniform Law Commission (ULC) for input on the recommended changes.