Guardianship & Conservatorship
If you are wondering whether a family member or loved one may need a guardian or conservator,
Contact Front Range Estate Planning today
at 720‑772‑7565 or kurt@kewpc-law.com.
Some facts:
- Any guardianship or conservatorship established will seek to maximize the disabled, or protected, person’s independence and involvement.
- A guardian is responsible to look after the protected person’s well-being and personal care.
- A conservator is responsible for the protected person’s financial affairs.
- Anybody appointed as guardian or conservator of a protected person has a fiduciary duty to the protected person. This means that the guardian or conservator must always act in the best interest of that person.
- The court will appoint a person to visit the protected person before making a decision on whether to appoint a guardian or conservator.
- A guardian or conservator must give regular reports to the court about their activities.
- Guardians and conservators are entitled to reasonable compensation and reimbursement of out-of-pocket expenses.
- Guardians are not required to provide for the protected person out of the guardian’s own pocket or to provide physical custody for the protected person. Similarly, a guardian is not legally liable for the protected person’s actions. Liability of conservators is similarly limited.
Some traps to avoid:
- Good record-keeping and accounting is essential for both a guardian and a conservator.
- Any action that may be seen by the court as taken in the guardian or conservator’s interest can result in the guardian or conservator being held personal liable.
- An informal (not court appointed) guardian or conservator will be held to the same standard as a court-appointed guardian or conservator. Additional liabilities may result.
- No conservator or guardian should agree to be personally liable for the protected person’s food, shelter, or other obligations.
To find out what your options are,