Colorado § 15-5-414 - Modification or termination of uneconomic trust.
Full text of Colorado Colorado Revised Statutes § 15-5-414 — Modification or termination of uneconomic trust., with citation guidance and answers to common questions.
§ 15-5-414. Modification or termination of uneconomic trust.
(1) After notice to the qualified beneficiaries, the trustee of a trust property having a total value less than one hundred thousand dollars may terminate the trust if the trustee concludes that the value of the trust property is insufficient to justify the cost of administration.
(2) The court may modify or terminate a trust or remove the trustee and appoint a different trustee if it determines that the value of the trust property is insufficient to justify the cost of administration.
(3) Upon termination of a trust pursuant to this section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust.
(4) This section does not apply to an easement for conservation or preservation.
Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1165, § 1, effective January 1, 2019.
ANNOTATION
Law reviews. For article, "Pulling the Plug on Perpetual Trusts: Legal and Tax Considerations for Early Termination of an Irrevocable Trust in Colorado", see 55 Colo. Law. 40 (Jan.-Feb. 2026).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 15-5-414
What does Colorado Revised Statutes § 15-5-414 cover?
Section 15-5-414 ("Modification or termination of uneconomic trust.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 15-5-414?
A common citation format is "Colorado Revised Statutes § 15-5-414" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 15-5-414 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.