What are the duties and responsibilities of a conservator?
• Make decisions which the protected person would have made, if known, if not, make decisions based upon the protected person’s best interest. • Furnish a bond (unless determined otherwise by the court) to protect cash and other assets; or take other steps to protect the ward’s assets. • File a financial plan with the court within 90 days of appointment and file amendments as necessary. • File a detailed inventory of the protected person’s estate within 90 days of appointment. • File an annual report with the court. • With court approval, and in consideration of the decision that the person would have made, if known, a conservator may: • make gifts; • convey, release, disclaim interests; • create, revoke or amend trusts; • exercise rights and change beneficiaries under retirement plans, insurance and annuities; • exercise rights to elective shares; • make, amend, or revoke the person’s will. (C.R.S. 15-14-411) In general, a conservator’s powers include all powers over the estate and af
