589EAAD015039F688725873C00587C94 Hearing Summary

Uniform Community Property Disposition at Death Act. Darla Daniel, co-legislative liaison for the CBA Trusts & Estates Section, shared that the section was able to look at the draft version and believe that it contains some good policy elements. It also broadens the acts applied to non-probate in addition to probate assets. Because Colorado is not a community property state, the section would like to form a subcommittee to take a closer look at the final act and vet it with practitioners. Commissioners noted that a primary purpose of the act is to deal with the disposition of community property at death in non-community property states.

      Commission consensus was that this is an important issue needing additional study and discussion. The act will remain on the agenda for additional input from the CBA and other interested parties.