{"data":{"id":"us-co/c.r.s.-15-5-506","jurisdiction":"us-co","citation":"C.R.S. § 15-5-506","heading":"Overdue distribution - definition.","body":"(1) In this section, \"mandatory distribution\" means a distribution of income or principal which the trustee is required to make to a beneficiary under the terms of the trust, including a distribution upon termination of the trust. The term does not include a distribution subject to the exercise of the trustee's discretion, even if the discretion is expressed in the form of a standard of distribution, or the terms of the trust authorizing a distribution couple language of discretion with language of direction.\n\n(2) Whether or not a trust contains a spendthrift provision, a creditor or assignee of a beneficiary may reach a mandatory distribution of income or principal, including a distribution upon termination of the trust, if the trustee has not made the distribution to the beneficiary within a reasonable time after the designated distribution date.","path":["Title 15 - PROBATE, TRUSTS, AND FIDUCIARIES","Article 5 - Colorado Uniform Trust Code","Part 5 - CREDITOR'S CLAIMS - SPENDTHRIFT AND DISCRETIONARY TRUSTS"],"source_url":"https://olls.info/crs/crs2026-title-15.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"5eb5e9062d07562ca56a976d3aca92b8e247680209eb3c0b446d3a99bf01477a","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-15-5-505","next":"us-co/c.r.s.-15-5-507"},"notice":"GroundRules: Original legal text. Not legal advice."}