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A conservatorship case is started by the filing of a Petition for the Appointment of Conservator by the petitioner in the place where the incapacitated person resides, or, if he or she does not reside in Colorado, any place where he or she has property. Typically, the two petitions are filed at the same time.

Once assigned, the job of a Colorado conservator comes with broad financial powers, as outlined under CO Rev Stat § 15-14-425 (2016), including: Filing of inventory and financial plans. Collect, hold and retain estate assets, including assets in which the conservator has a personal interest. Filing of annual reports.

Here's a step-by-step walkthrough: Download and complete the required forms. These are available online on the Colorado court website. ... File the completed forms with the court. ... Provide the other party with a copy of the motion by mail. Wait for further updates from the court on hearings or direct rulings.

The court may appoint an individual, a trust company, or a bank with general power to serve as trustee, as conservator of the estate of the protected person. An individual appointed must be 21 years of age or older.

A guardian is responsible for a protected person's well being; and personal care. A conservator is responsible for the person's estate or financial affairs.

Emergency guardianships: In effect for 60 days or less, emergency guardianships are intended for situations when a minor or vulnerable adult has no one to manage their personal affairs and delaying the appointment of a guardian could result in harm to the minor or adult.