CO Code § 15-14-716 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 14 - Persons Under Disability - Protection|Part 7 - Uniform Power of Attorney Act|§ 15-14-716. Judicial Relief

  The following persons may petition a court to construe a power of attorney or review the agent's conduct and grant appropriate relief:   The principal or the agent;    A guardian, conservator, or other fiduciary acting for the principal;    A person authorized to make health-care decisions for the principal;    The principal's spouse, parent, or descendant;    An individual who would qualify as a presumptive heir of the principal;    A person named as a beneficiary to receive any property, benefit, or contractual right on the principal's death or as a beneficiary of a trust created by or for the principal that has a financial interest in the principal's estate;    A governmental agency having authority to protect the welfare of the principal;    The principal's caregiver or another person that demonstrates sufficient interest in the principal's welfare; and    A person asked to accept the power of attorney.       Upon motion by the principal, the court shall dismiss a petition filed under this section, unless the court finds that the principal lacks capacity to revoke the agent's authority or the power of attorney.     History. Source: L. 2009: Entire part added,(HB 09-1198), ch. 106, p. 392, § 1, effective April 9. L. 2011: (1)(g) amended,(SB 11-083), ch. 101, p. 311, § 21, effective August 10.    OFFICIAL COMMENT   The primary purpose of this section is to protect vulnerable or incapacitated principals against financial abuse. Subsection (1) sets forth broad categories of persons who have standing to petition the court for construction of the power of attorney or review of the agent's conduct, including in the list a “person that demonstrates sufficient interest in the principal's welfare” (subsection (1)(h)). Allowing any person with sufficient interest to petition the court is the approach taken by the majority of states that have standing provisions. Cal. Prob. Code § 4540 (West Supp. 2006); Colo. Rev. Stat. Ann. § 15-14-609 (West 2005); 755 Ill. Comp. Stat. Ann. 45/2-10 (West 1992); Ind. Code Ann. § 30- 5-3-5 (West 1994); Kan. Stat. Ann. § 58-662 (2005); Mo. Ann. Stat. § 404.727 (West 2001); N.H. Rev. Stat. Ann. § 506:7 (LexisNexis 1997 & Supp. 2005); Wash. Rev. Code Ann. § 11.94.100 (Supp. 2006); Wis. Stat. Ann. § 243.07(6r) (West 2001). 20 Pa. Cons. Stat. Ann. § 5604 (West 2005) (limiting standing to an agency acting pursuant to the Older Adults Protective Services Act); Vt. Stat. Ann. tit.14, § 3510(b) (2002 & 2006-3 Vt. Adv. Legis. Serv. 228) (limiting standing to the commissioner of disabilities, aging, and independent living).  See But cf.  In addition to providing a means for detecting and redressing financial abuse by agents, this section protects the self-determination rights of principals. Subsection (2) states that the court must dismiss a petition upon the principal's motion unless the court finds that the principal lacks the capacity to revoke the agent's authority or the power of attorney. Contrasted with the breadth of Section 15-14-716 is Section 15-14-714 (8) which narrowly limits the persons who can request an agent to account for transactions conducted on the principal's behalf. The rationale for narrowly restricting who may request an agent to account is the preservation of the principal's financial privacy. Section 15-14-714 Comment. Section 15-14-716 operates as a check-and-balance on the narrow scope of Section 15-14-714(8) and provides what, in many circumstances, may be the only means to detect and stop agent abuse of an incapacitated principal.  See  ANNOTATION   Law reviews. “Practical Solutions to Elder Financial Abuse and Fiduciary Theft”, see 41 Colo. Law. 61 (Dec. 2012).