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JDF 882, the Conservator’s Financial Plan with Inventory and Motion for Approval

In Colorado the inventory comes inside a motion. The court approves a yearly budget with the list of assets.

By Fidura staff. Last reviewed .

Who files
Every conservator, of an adult or a minor
An amended plan or inventory uses the same form.
When it’s due
By the date in your order, no later than 90 days after appointment
C.R.S. §§15-14-418(3), -419(1) (opens in a new tab)
Where
The district court that appointed you
In Denver, the Denver Probate Court.
The form
Form JDF 882
The court’s copy (PDF) (opens in a new tab)

Every conservator signs under penalty of perjury. Copies go to the protected person and the people your order names within 10 days of filing. §15-14-404(4) (opens in a new tab)

What it asks for

Parts A and B come first. They ask for contact details, whether the assets cover the person’s needs, the scope of your powers, and the bond. Then come seven steps.

The steps of JDF 882
StepWhat goes there
1Projected income, monthly and yearly, by category
2Projected expenses, monthly and yearly, by category
3The inventory: accounts, investments, life insurance, retirement funds, vehicles, real estate, household goods and anything else, at fair market value; life insurance at its cash value
4Professional fees owed for this case as of the date of appointment, for the court to approve
5Debts, starting with Step 4’s total
6Projected income less expenses: net income
7Total assets less debts: net worth

Assets go in at their value as of the date of appointment, the date of the order appointing you.

The plan must rest on the person’s actual needs. The statute also asks for an estimate of how long the conservatorship will last, and for steps to help the person manage property again. §15-14-418(3) (opens in a new tab)

The court approves the plan by order, on form JDF 883 (opens in a new tab). C.R.P.P. 61

Common mistakes

Blank lines in the plan

Put “0” in both columns for a category that doesn’t apply. Don’t leave it empty.

Monthly and yearly figures that disagree

Multiply a monthly amount by 12 for the yearly column. Divide a yearly amount, such as property tax, by 12 for the monthly one.

Ticking “None” without checking

Each “None” box in Step 3 swears that the person owns nothing of that kind.

Assets found after filing

File an amended inventory when you find more property or a value proves wrong. File an amended plan when spending has to depart substantially from the approved one. §§15-14-418(5), -419(2) (opens in a new tab)

Your first account

The first JDF 885 compares each income and expense with this plan, and each asset and debt with this inventory. Each account’s beginning cash balance is its balance here.

Sources

Also for Colorado: JDF 885, Conservator’s Report

We make Fidura, guardianship accounting software built on a reconciled register for each ward. See the product

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