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Ending a Revocable Trust in Colorado? Download the Revocation Form
Your estate planning requirements sometimes change: you have relocated, remarried, formed families, or just prefer to simplify, and rescinding your trust is the way to go. In Colorado, you can sign a revocation of revocable trust form to formally end your living trust. Be it in Denver, Boulder, Colorado Springs, or any other part of the state, this form makes it clear, legal, and evident to your trustee that you intend to dissolve your trust.
How Colorado Law Allows Trust Revocation
The Colorado Uniform Trust Code § 15-5-602 confirms that, unless your trust is specifically described as being irrevocable, you, the so-called settlor, can revoke or amend it. Where your trust does state the method of revocation and does not render that method the only one, you must really obey it. Otherwise, you can withdraw the trust by stating the intention in a different valid way. That may involve a subsequent will or codicil which mentions the trust or directs its assets. After the revocation, the trustee is to hand over the trust property according to your wishes.
When Colorado Residents Choose to Revoke Trusts
The reasons why people in the state revoke their trusts include:
Changes in life such as divorce, remarriage or moving to a different state.
Desire to make estate planning easier or design a new trust.
Replacing trustees or beneficiaries, or consolidating in Denver or Fort Collins.
Representing new desires regarding the management of their assets.
With the right trust revocation form, this step will be done right, and your new estate arrangements will go into effect with ease.
How to Use the Colorado Revocation of Revocable Trust Form
These are the steps to follow when filling your form:
Be clear that you are the settlor, and give the name and date of the trust that exists.
Declare your intent to revoke the trust.
Direct the trustee on how to dispose of the trust assets (e.g., give it back to you or to a new trust).
Sign – and not always necessary by law, but have it noted by a notary – to increase its legal power.
Send one to your trustee and retain one with your estate planning materials.
Where your trust was co-created, Colorado law permits each settlor to revoke his share separately (e.g., community property vs. personal property), and the trustee is obliged to inform co-settlors of revocation.
Common Questions About Revoking a Trust in Colorado
Q1: Do I need a lawyer to revoke my trust?
No – the right form and the process usually suffice. However, in complicated estates or special cases, it might be of assistance to seek the services of a lawyer.
Q2: What happens to my property after revocation?
Trust property is revoked and passes as you instruct, either back to you or to another trust. Give the form to explain how you want your assets to be dealt with specifically.
Q3: Can I use a trust revocation form template?
Yes – a trust revocation form template provides you with a sure and reliable method of revoking your trust without necessarily writing it out.
Q4: Is notarisation required in Colorado?
No, though it makes your form clearer and prevents conflicts, particularly with the trustees or the courts in the future.
Q5: What if my trust specifies a revocation method?
The same way – unless the trust fixes it as the only way. Where it is not exclusive, you can revoke it by any other valid expression of intent.
Q6: Can my agent under power of attorney revoke a trust for me?
That authority should be expressed in the trust or power of attorney. Otherwise, you – or a described guardian or conservator, appointed by the court, only you – can revoke.
Q7: Do I need to notify anyone?
Yes—the trustee must be informed and given a copy of the signed revocation. Also, co-settlors must be notified if part of a joint trust.
Why Getting This Right Matters
The wrongful revocation of a trust may create confusion, a conflict over the property, or even a problem with probate. Communities such as Aurora, Pueblo or Grand Junction in Colorado depend on a duly signed revocation of trust form so that their choices regarding their estate are honoured and their possessions are handled as per their requests.
Download Your Colorado Revocation of Revocable Trust Form
Ready to update your plan? Those in Colorado can get the revocation of revocable trust form here and complete the information, sign it (signing with a notary is an added advantage), and submit it to your trustee. This is a way to clean up an old trust and proceed with a new, more accurate estate plan under Colorado law.