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In general, guardianships for minors come to an end when minors turn 18. For vulnerable or incapacitated adults, guardianships can last until death or until the court terminates the legal relationship.
Appointing a Guardian The best place to appoint a Guardian for your children is in your will. Having a will which appoints a Guardian after your death provides a smooth transition to a new care-giver and a new home.
Once assigned, the job of a Colorado conservator comes with broad financial powers, as outlined under CO Rev Stat § 15-14-425 (2016), including: Filing of inventory and financial plans. Collect, hold and retain estate assets, including assets in which the conservator has a personal interest. Filing of annual reports.
A guardian is responsible for a protected person's well being; and personal care. A conservator is responsible for the person's estate or financial affairs.
Sometimes the court decides that a person is not able to manage their own money or property. This person is called a "protected person". The court can appoint a Conservator to manage the protected person's money and property.
Guardianship is determined through a court process. Guardians are appointed and overseen be a court. Guardians are responsible for protecting the person and a Conservator is responsible for protecting money and property of the protected person. In Colorado, the law separates a guardianship and a conservatorship.
Any person who is concerned about the well-being of the adult can file a guardianship case. You must be at least 21 years old to be the guardian for an adult. You can ask the court to name you as the guardian, or you can ask the court to name someone else who is at least 21 years old.
You should include information about where you will be and how to contact you. You could write, for example, the address where you will be staying and any phone number. Also provide contact information for professional providers. You should include a list of any professional providers, such as doctors and dentists.