Requirements For Public Administrators And Deputies

Public administrators - bonds - filing requirements. The amount of bond public administrators are required to maintain is increased from $25,000 to $100,000. Statements of account for small estates filed by public administrators must include information about the public administrator's costs and fees. The annual reports that must be filed by public administrators and deputy public administrators with their appointing court must be done on a standard form directed by the chief justice of the Colorado supreme court. Appointing courts may require additional information not included on the standard form. Deputy public administrators are subject to the same statutory requirements as public administrators, including the bond requirement.
(Note: This summary applies to this bill as enacted.)