Colorado Sample Letter regarding Petition to Appoint New Conservator
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How to fill out Sample Letter Regarding Petition To Appoint New Conservator?
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FAQ
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.
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.
The court may appoint an individual, a trust company, or a bank with general power to serve as trustee, as conservator of the estate of the protected person. An individual appointed must be 21 years of age or older.
1. Fill out JDF 711 Notice of Hearing. 2. You must mail or hand-deliver a copy of JDF 711 Notice of Hearing along with a copy of JDF 857 Petition for Appointment of Co-Guardian or Successor Guardian to the Ward (if at least 12 years old) and all other interested persons.
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.
The document called a nomination of conservatorship allows an individual (also known as the principal or conservatee) to dictate who they want to look after them and their assets if they become incapacitated.
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.
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.
