In Colorado, anyone concerned about an adult's finances can petition for conservatorship. The petitioner may request to be named conservator or suggest someone else over 21.

Courts appoint conservators only if the protected adult can't manage their finances independently. The petitioner must demonstrate that without proper management, the respondent's assets will be wasted. They must also show that the respondent or dependents need financial support. The conservatorship should help provide these funds.

Courts review the petitioner's criminal record and credit history before making the appointment.

In Colorado, you must be at least 21 to be eligible to be a conservator.

The court must determine that the protected person needs assistance managing their finances. Conservatorship is only granted if the court finds the person unable to handle their finances independently.

A conservatorship allows another adult to legally manage and oversee an incapacitated adult’s finances. It is often used for individuals with a mental illness or disability or nearing the end of their life.

A conservator handles financial decisions and ongoing obligations for the incapacitated person.