diff --git a/scene/gui/color_picker.cpp b/scene/gui/color_picker.cpp
index baf628c63ed..045c8c498c3 100644
--- a/scene/gui/color_picker.cpp
+++ b/scene/gui/color_picker.cpp
@@ -974,7 +974,8 @@ void ColorPicker::_palette_file_selected(const String &p_path) {
 #endif
 		} break;
 		case FileDialog::FileMode::FILE_MODE_SAVE_FILE: {
-			ColorPalette *palette = memnew(ColorPalette);
+			Ref<ColorPalette> palette;
+			palette.instantiate();
 			palette->set_colors(get_presets());
 			Error error = ResourceSaver::save(palette, p_path);
 			ERR_FAIL_COND_MSG(error != Error::OK, vformat("Cannot open color palette file for writing at: %s", p_path));