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CO SB131

Bill

Status

Passed

6/10/2016

Primary Sponsor

John Tate

Click for details

Origin

Senate

2016 Regular Session

AI Summary

SB16-131 Summary

  • Suspends a fiduciary's authority after receiving notice of a removal petition, limiting them to accounting, correcting maladministration, or preserving the estate.

  • Prevents fiduciaries from paying compensation, attorney fees, or costs from the estate without court order after receiving notice of removal proceedings.

  • Grants adult wards and protected persons the right to be represented by a lawyer of their choosing at estate expense post-adjudication, unless the court finds by clear and convincing evidence they lack capacity to consent.

  • Requires courts to appoint a lawyer for adult wards or protected persons in guardianship proceedings if unrepresented and the court determines representation is needed.

  • Takes effect 90 days after final adjournment of the general assembly (August 10, 2016), subject to voter approval if a referendum petition is filed.

Legislative Description

Overseeing Fiduciaries' Mgmt Of Assets

Last Action

Governor Signed

6/10/2016

Committee Referrals

Committee of the Whole4/14/2016
Finance3/22/2016
Committee of the Whole3/14/2016
Judiciary2/18/2016

Full Bill Text

No bill text available