Caring Legal Help for Colorado Conservatorships
In Colorado, a Conservator is an individual appointed by the Court for the purpose of making financial investment and management decisions, account(s) administration, bill-paying and ensuring proper distribution, and use of assets for the benefit of the protected person. The Conservator is required to ensure that the least restrictive means possible are being used and that regular reporting and accountings are filed with the Court.
A Conservator may be personally liable to the protected person and/or third parties in certain circumstances, including when the relationship is not disclosed, the Conservator is directly at fault, was grossly negligent, or acted criminally. In some situations, a Conservator may be held personally liable even through the Conservator’s improper actions were not intentional or grossly negligent.
We at Hulbert & Associates, LLC are able to effectively assist our clients with the legal establishment of a conservatorship as well as helping you navigate the oftentimes complex requirements inherent in serving as a Conservator. Please give us a call today to learn more.
