43382D9E1AD95C5C872584CB0058FDFF Hearing Summary

Darla Daniel, Co-legislative Liaison for CBA Trust and Estates Section, spoke for herself as a member of the Colorado Bar Association (CBA) working group on these bills. The group has completed parts one through five of the Uniform Fiduciary Income and Principal Act and will be working on parts six through eight in early 2020. The review will not be completed in time for the act to be included in the 2020 legislative agenda but should be ready for the 2021 legislative agenda. The group anticipates also completing its review of the Uniform Trust Act, part 5 in time for the 2021 legislative agenda. They will need to clear a few more hurdles with some other sections of the CBA but do anticipate the final product to be regarded as uniform. The commission thanked the group for their careful consideration and work on both of these acts.

Commissioner Gardner moved to table consideration of both the Uniform Fiduciary Income and Principal Act and the Uniform Trust Act, part 5 for this year and to consider them for the 2021 legislative session. Commissioner Tipper seconded and the motion passed without objection.