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February 21, 2024 HB 24-1248
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Fiscal Note
Drafting Number:
Prime Sponsors:
LLS 24-0589
Rep. Snyder
Date:
Bill Status:
Fiscal Analyst:
February 21, 2024
House Judiciary
John Armstrong | 303-866-6289
john.armstrong@coleg.gov
Bill Topic: NON-TESTAMENTARY ELECTRONIC ESTATE PLANNING DOC UMENTS
Summary of
Fiscal Impact:
☐ State Revenue
☒ State Expenditure
☐ State Transfer
☐ TABOR Refund
☒ Local Government
☐ Statutory Public Entity
The bill allows estate documents to be in an electronic form and electronically signed.
The bill will minimally increase state expenditures beginning in FY 2024-25.
Appropriation
Summary:
No appropriation is required.
Fiscal Note
Status:
The fiscal note reflects the introduced bill, which was recommended by the Colorado
Commission on Uniform State Laws.
Summary of Legislation
The bill implements the “Uniform Electronic Estate Planning Documents Act” (UEEPDA), which
allows, but does not require, electronic documents to be used to process estate planning
documents and accept electronic signatures. The bill outlines permissible uses and procedures
for incorporating electronic documents in estate planning.
Background
In 2002, Colorado implemented the Uniform Electronic Transactions Act (UETA), which allowed
electronic forms and signatures but only applied to business, commercial and governmental
matters. Estate planning documents were not included in the UETA. The UEEPDA ensures validity
to any interested party for electronic forms and signatures to estate planning documents.
State Expenditures
The bill will increase workload in trial courts to determine the validity of electronic signatures in
some estate planning cases. However, because the bill does not mandate use of electronic
documents and courts may still require paper documents, this additional workload is assumed
to be minimal; no appropriation is required. Page 2
February 21, 2024 HB 24-1248
Local Government
Denver County Courts will have a similar workload change to the state for additional verification
of electronic signatures in estate planning documents. This change is assumed to be minimal.
Effective Date
The bill takes effect 90 days following adjournment of the General Assembly sine die, assuming
no referendum petition is filed.
State and Local Government Contacts
Judicial
The revenue and expenditure impacts in this fiscal note represent changes from current law under the bill for each
fiscal year. For additional information about fiscal notes, please visit the General Assembly website.