Colorado § 15-14-412 Protective arrangements and single transactions

Colorado Statutes

§ 15-14-412 — Protective arrangements and single transactions

Colorado·Title 15 Probate,·Art. Persons Under Disability - Protection

(1)If a basis is established for a protective order with respect to an individual, the court, without appointing a conservator, may:

(a)Authorize, direct, or ratify any transaction necessary or desirable to achieve any arrangement for security, service, or care meeting the foreseeable needs of the protected person, including:

(I)Payment, delivery, deposit, or retention of funds or property;

(II)Sale, mortgage, lease, or other transfer of property;

(III)Purchase of an annuity;

(IV)Making a contract for life care, deposit contract, or contract for training and education; or

(V)Addition to or establishment of a suitable trust, including a trust created under the Colorado Uniform Custodial Trust Act, article 1.5 of this title; and

(b)Authorize, direct, or ratify any other

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(1) If a basis is
established for a protective order with respect to an individual, the court, without
appointing a conservator, may:

(a) Authorize, direct, or ratify any transaction necessary or desirable to
achieve any arrangement for security, service, or care meeting the foreseeable
needs of the protected person, including:

(I) Payment, delivery, deposit, or retention of funds or property;

(II) Sale, mortgage, lease, or other transfer of property;

(III) Purchase of an annuity;

(IV) Making a contract for life care, deposit contract, or contract for training
and education; or

(V) Addition to or establishment of a suitable trust, including a trust created
under the Colorado Uniform Custodial Trust Act, article 1.5 of this title; and

(b) Authorize, direct, or ratify any other contract, trust, will, or transaction
relating to the protected person's property and business affairs, including a
settlement of, and distribution of settlement of, a claim, upon determining that it is
in the best interest of the protected person.

(2) In deciding whether to approve a protective arrangement or other
transaction under this section, the court shall consider the factors described in
section 15-14-411 (3).

(3) (a) The court may appoint a special conservator to assist in the
accomplishment of any protective arrangement or other transaction authorized
under this section. The special conservator has the authority conferred by the order
and shall serve until discharged by order after report to the court.

(b) If the court appoints a special conservator without notice to the
respondent, protected person, or any other person entitled to notice pursuant to
section 15-14-404 (2) and the person appointed is a professional without priority to
serve pursuant to section 15-14-413 or a public administrator pursuant to section
15-12-622, the court shall, upon entry of the order of appointment of special
conservator, simultaneously appoint a visitor to investigate and report to the court
within fourteen days after the appointment as provided in section 15-14-113.5.

Colorado § 15-14-412 (Protective arrangements and single transactions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2000: Entire part R&RE, p. 1809, � 1, effective January 1, 2001 (see � 15-17-103). L. 2020: (3) amended, (SB 20-129), ch. 270, p. 1317, � 4, effective September 1. L. 2021: (3)(b) amended, (SB 21-266), ch. 423, p. 2800, � 13, effective July 2.