If you are ever named a guardian or conservator in Colorado, you need to know what the responsibilities are so that you don’t make any mistakes. These are important legal positions that should be taken seriously. These legal positions are appointed by the court when another person is unable to physically or mentally care for themselves. It is possible for one person to be appointed to both a guardian or conservator by the court.
A guardian will be responsible for arranging the personal care of a ward of the court. This includes deciding where the person will live, either in a facility that offers assisted living or with another relative. The guardian will also be responsible for making medical decisions for the ward of the court.
The liquid assets of the ward can and will be invested by the conservator. The conservator is legally allowed to invest the money themselves or could find someone else to help them handle the assets. If a guardian is assigned, he or she would likely only oversee something as general as a bank account.
All tangible property and other real estate will be handled by a conservator. This can include the sale of the ward’s car for money to use for medical care, selling their home or even buying a home for them to live in that is handicap accessible, if necessary.
The conservator is also responsible for paying all the bills of the ward and even filing their taxes. If the bills are minimal, the guardian could be tasked with this responsibility.
If you are ever chosen as a guardian or a conservator, you have the responsibility to act in the best interests of the ward or you could face legal repercussions.