Code of Colorado Regulations
2500 - Department of Human Services
2518 - Adult Protective Services
12 CCR 2518-1 - ADULT PROTECTIVE SERVICES
Section 12 CCR 2518-1-30.645 - TRUST ACCOUNTS

Universal Citation: 12 CO Code Regs 2518-1, ยง 30.645

Current through Register Vol. 47, No. 5, March 10, 2024

A. The county department shall ensure that all guardianships, conservatorships, representative payeeships, and personal needs accounts that are held by the county department, and in which the county department has some financial authority or responsibility, have an established trust account.

B. The established trust account shall bear the name of the county department or the name and the title of the director of the county department as trustee for the client or as otherwise required by the Social Security Administration (SSA).

1. Withdrawals from savings, checking, or investment accounts shall require two signatures, neither of which may be the caseworker or the bookkeeper.

2. Shortages in trust accounts are the responsibility of the county department.

C. The county department shall manage any trust account established pursuant to such department's fiduciary duty as a guardian, conservator, representative payee, or other purpose in accordance with any State and Federal requirements for said accounts.

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