Plain English Breakdown
The effective date depends on when the legislature adjourns; August 12, 2026 is conditional on a May 13, 2026 adjournment.
Clarifying Property Rules for Community Spouses at Death
This law clarifies that the Uniform Community Property Disposition at Death Act applies to real estate in Colorado owned by community property spouses, even if they did not live in Colorado when they died.
What This Bill Does
- Applies rules regardless of whether a person lived (was domiciled) in Colorado at the time of death.
- Includes all or part of land and buildings located in Colorado that are traceable to community property.
- Covers real estate acquired with community money under the laws of another state where the spouse lived when buying it.
- Applies to income, rent, profits, appreciation, or other increases from this specific type of real estate.
Who It Names or Affects
- Spouses who hold property as community property
- Surviving spouses in Colorado cases involving out-of-state residents
Terms To Know
- Community Property Spouse
- A married person whose assets are shared under specific state laws.
- Domiciled
- The place where a person legally lives and considers home for legal purposes.
Limits and Unknowns
- This law does not take effect immediately after the governor signs it.
- It will start on August 12, 2026, unless voters ask to delay it with a petition within ninety days of the legislature ending its session.
- If voters request a referendum, the public must vote in November 2026 for the law to pass.