Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.
Source: L. 2021: Entire part added, (SB 21-162), ch. 170, p. 943, § 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