C.R.S. Section 15-14-421
Title by appointment

(1)

Except as limited in the appointing order, the appointment of a conservator vests title in the conservator as trustee to all property of the protected person, or to the part thereof specified in the order, held at the time of appointment or thereafter acquired, including title to any property held for the protected person by custodians or attorneys-in-fact. An order vesting title in the conservator to only a part of the property of the protected person creates a conservatorship limited to assets specified in the order. Notwithstanding the language vesting title in the conservator in this section, this vesting of title shall not be construed to sever any joint tenancies.

(2)

Letters of conservatorship are evidence of vesting title of the protected person’s assets in the conservator. An order terminating a conservatorship transfers title to assets remaining subject to the conservatorship, including any described in the order, to the formerly protected person or the person’s successors.

(3)

Subject to the requirements of other statutes governing the filing or recordation of documents of title to land or other property, letters of conservatorship and orders terminating conservatorships may be filed or recorded to give notice of title as between the conservator and the protected person.

(4)

Neither the appointment of a conservator nor the establishment of a trust in accordance with sections 15-14-412.5 to 15-14-412.9 is a transfer or an alienation within the meaning of the general provisions of any federal or state statute or regulation, insurance policy, pension plan, contract, will or trust instrument imposing restrictions upon or penalties for the transfer or alienation by the protected person of his or her rights or interest, but this section does not restrict the ability of a person to make specific provisions by contract or dispositive instrument relating to a conservator.

(5)

Except as limited in the appointing order, a conservator has the authority to continue, modify, or revoke any financial power of attorney previously created by the protected person.

(6)

Intentionally left blank —Ed.

(a)

Upon notice of the appointment of a conservator, all agents acting under a previously created power of attorney by the protected person:

(I)

Shall take no further actions without the direct written authorization of the conservator;

(II)

Shall promptly report to the conservator as to any action taken under the power of attorney; and

(III)

Shall promptly account to the conservator for all actions taken under the power of attorney.

(b)

Nothing in this section shall be construed to affect previously created medical decision-making authority. Any agent violating this section shall be liable to the protected person’s estate for all costs incurred in attempting to obtain compliance, including but not limited to reasonable conservator and attorney fees and costs.

Source: Section 15-14-421 — Title by appointment, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-15.­pdf (accessed Oct. 20, 2023).

15‑14‑101
Short title 15‑14‑102
Definitions 15‑14‑104
Facility of transfer 15‑14‑105
Delegation of power by parent or guardian 15‑14‑106
Subject-matter jurisdiction 15‑14‑107
Transfer of jurisdiction 15‑14‑108
Venue 15‑14‑109
Practice in court - consolidation of proceedings 15‑14‑110
Letters of office 15‑14‑111
Effect of acceptance of appointment 15‑14‑112
Termination of or change in guardian’s or conservator’s appointment 15‑14‑113
Notice 15‑14‑113.5
Appointments without notice - investigation - report - procedures 15‑14‑114
Waiver of notice 15‑14‑115
Guardian ad litem 15‑14‑116
Request for notice - interested persons 15‑14‑117
Multiple appointments or nominations 15‑14‑118
Small estate - person under disability - no personal representative 15‑14‑119
Notice to public institutions on appointment of guardian or conservator 15‑14‑120
Uniform veterans’ guardianship act not affected 15‑14‑121
Uniformity of application and construction 15‑14‑122
Severability clause 15‑14‑201
Appointment and status of guardian 15‑14‑202
Testamentary appointment of guardian - appointment by written instrument 15‑14‑203
Objection of others to parental appointment - consent by minor of twelve years of age or older to appointment of guardian 15‑14‑204
Judicial appointment of guardian - conditions for appointment - definition 15‑14‑205
Judicial appointment of guardian - procedure 15‑14‑206
Judicial appointment of guardian - priority of minor’s nominee - limited guardianship 15‑14‑207
Duties of guardian 15‑14‑208
Powers of guardian 15‑14‑209
Rights and immunities of a guardian 15‑14‑210
Termination of guardianship - other proceedings after appointment 15‑14‑301
Appointment and status of guardian 15‑14‑304
Judicial appointment of guardian - petition 15‑14‑305
Preliminaries to hearing 15‑14‑306
Professional evaluation 15‑14‑308
Presence and rights at hearing 15‑14‑309
Notice 15‑14‑310
Who may be guardian - priorities - prohibition of dual roles 15‑14‑311
Findings - order of appointment 15‑14‑312
Emergency guardian 15‑14‑313
Temporary substitute guardian 15‑14‑314
Duties of guardian 15‑14‑315
Powers of guardian 15‑14‑315.5
Dissolution of marriage and legal separation 15‑14‑316
Rights and immunities of guardian - limitations 15‑14‑317
Reports - monitoring of guardianship - court access to records 15‑14‑318
Termination or modification of guardianship - resignation or removal of guardian 15‑14‑319
Right to a lawyer post-adjudication 15‑14‑401
Protective proceeding 15‑14‑402
Jurisdiction over business affairs of protected person 15‑14‑403
Original petition for appointment or protective order 15‑14‑404
Notice 15‑14‑405
Original petition - minors - preliminaries to hearing 15‑14‑406
Original petition - persons under disability - preliminaries to hearing 15‑14‑406.5
Professional evaluation 15‑14‑408
Original petition - procedure at hearing 15‑14‑409
Original petition - orders 15‑14‑410
Powers of court 15‑14‑411
Required court approval 15‑14‑412
Protective arrangements and single transactions 15‑14‑412.5
Limited court-approved arrangements authorized for persons seeking medical assistance for nursing home care - applicable to trusts established before a certain date 15‑14‑412.6
Trust established by an individual - eligibility for certain public assistance programs - general provisions 15‑14‑412.7
Income trusts - limitations 15‑14‑412.8
Disability trusts - limitations 15‑14‑412.9
Pooled trusts - limitations 15‑14‑413
Who may be conservator - priorities - prohibition of dual roles 15‑14‑414
Petition for order subsequent to appointment 15‑14‑415
Bond 15‑14‑416
Terms and requirements of bond 15‑14‑418
General duties of conservator - financial plan 15‑14‑419
Inventory 15‑14‑420
Reports - appointment of monitor - monitoring - records - court access to records 15‑14‑421
Title by appointment 15‑14‑422
Protected person’s interest inalienable 15‑14‑423
Sale, encumbrance, or other transaction involving conflict of interest 15‑14‑424
Protection of person dealing with conservator 15‑14‑425
Powers of conservator in administration 15‑14‑425.5
Authority to petition for dissolution of marriage or legal separation 15‑14‑426
Delegation 15‑14‑427
Principles of distribution by conservator 15‑14‑428
Death of protected person 15‑14‑429
Presentation and allowance of claims 15‑14‑430
Personal liability of conservator 15‑14‑431
Termination of proceedings 15‑14‑432
Payment of debt and delivery of property to foreign conservator without local proceeding 15‑14‑433
Foreign conservator - proof of authority - bond - powers 15‑14‑434
Right to a lawyer post-adjudication 15‑14‑500.3
Legislative declaration 15‑14‑500.5
Definitions - excluded powers 15‑14‑501
When power of attorney not affected by disability 15‑14‑502
Other powers of attorney not revoked until notice of death or disability 15‑14‑503
Short title 15‑14‑504
Legislative declaration - construction of statute 15‑14‑505
Definitions 15‑14‑506
Medical durable power of attorney 15‑14‑507
Transfer of principal 15‑14‑508
Immunities 15‑14‑509
Interstate effect of medical durable power of attorney 15‑14‑602
Definitions 15‑14‑603
Applicability 15‑14‑604
Duration of agency - amendment and revocation - resignation of agent 15‑14‑606
Duty - standard of care - record keeping - exoneration 15‑14‑607
Reliance on an agency instrument 15‑14‑611
Applicability of part 15‑14‑701
Short title 15‑14‑702
Definitions 15‑14‑703
Applicability 15‑14‑704
Power of attorney is durable 15‑14‑705
Execution of power of attorney 15‑14‑706
Validity of power of attorney 15‑14‑707
Meaning and effect of power of attorney 15‑14‑708
Nomination of conservator or guardian - relation of agent to court-appointed fiduciary 15‑14‑709
When power of attorney effective 15‑14‑710
Termination of power of attorney or agent’s authority 15‑14‑711
Coagents and successor agents 15‑14‑712
Reimbursement and compensation of agent 15‑14‑713
Agent’s acceptance 15‑14‑714
Agent’s duties 15‑14‑715
Exoneration of agent 15‑14‑716
Judicial relief 15‑14‑717
Agent’s liability 15‑14‑718
Agent’s resignation - notice 15‑14‑719
Acceptance of and reliance upon acknowledged power of attorney 15‑14‑720
Liability for refusal to accept acknowledged power of attorney 15‑14‑721
Principles of law and equity 15‑14‑722
Laws applicable to financial institutions and entities 15‑14‑723
Remedies under other law 15‑14‑724
Authority that requires specific grant - grant of general authority 15‑14‑725
Incorporation of authority - incorporation by reference 15‑14‑726
Construction of authority generally 15‑14‑727
Real property 15‑14‑728
Tangible personal property 15‑14‑729
Stocks and bonds 15‑14‑730
Commodities and options 15‑14‑731
Banks and other financial institutions 15‑14‑732
Operation of entity or business 15‑14‑733
Insurance and annuities 15‑14‑734
Estates, trusts, and other beneficial interests 15‑14‑735
Claims and litigation 15‑14‑736
Personal and family maintenance 15‑14‑737
Benefits from governmental programs or civil or military service 15‑14‑738
Retirement plans 15‑14‑739
Taxes 15‑14‑740
Gifts 15‑14‑741
Statutory form - power of attorney 15‑14‑742
Certification 15‑14‑743
Uniformity of application and construction 15‑14‑744
Relation to “Electronic Signatures in Global and National Commerce Act” 15‑14‑745
Effect on existing powers of attorney 15‑14‑801
Legislative declaration 15‑14‑802
Definitions 15‑14‑803
Supported decision-making agreement - term 15‑14‑804
Access to personal information 15‑14‑805
Agreement requirements - signature - witnesses or notary public 15‑14‑806
Reliance on agreement - limitation of liability
Green check means up to date. Up to date

Current through Fall 2024

§ 15-14-421’s source at colorado​.gov