(3.5) Subsection (3) of this section does not apply to a special needs trust, supplemental needs trust, or similar trust established for a person if its application could invalidate such a trust's exemption from consideration as a countable resource for medicaid or supplemental security income purposes or if its application has the effect or potential effect of rendering such person ineligible for any program of public benefit, including, but not limited to, medicaid and supplemental security income.
Source: L. 2021: Entire part added, (SB 21-162), ch. 170, p. 941, § 1, effective September 7.
Structure Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 5 - Colorado Uniform Trust Code
Part 5 - Creditor's Claims - Spendthrift and Discretionary Trusts
§ 15-5-501. Rights of Beneficiary's Creditor or Assignee
§ 15-5-502. Spendthrift Provision
§ 15-5-503. Exceptions to Spendthrift Provision - Definitions
§ 15-5-504. Discretionary Trusts - Effect of Standard - Definitions
§ 15-5-505. Creditor's Claim Against a Settlor
§ 15-5-506. Overdue Distribution - Definition