A person entrusted to be a guardian of an individual has to accept a great deal of responsibility. The courts in every state expects that the guardian act in a lawful manner and steer the minor’s estate on the right course. To help protect the interest of the person under guardianship the court requires that a guardian post a surety bond that financially covers their actions.
Courts Protect Interest Of Minors
Requiring a guardianship bond may seem an unnecessary step, however, it protects the guardian as much as the minor. While there are cases of improper handling of finances there are also false accusations to contend with. An individual or business serving as guardian knows that they need to financially protect themselves as much as the minor needs to be protected.
States and courts use the surety bond as a way to prevent a bad situation from getting worse. In the instance where a guardian spends money unlawfully the minor’s estate will be protected and refunded. Alternatively if the guardian is facing a trial to prove his or her innocence then the surety bond will be there to help. In these situations the guardianship bond greases the wheel to help keep things running as smooth as possible.
Learn About All Surety Bond Options
In some situations an individual or company will be consulted about their role as a prospective guardian. When considering the undertaking make sure to discuss the surety bond requirement because if the person does not feel it necessary they can go on record saying they do not personally require the bond.
Part of understanding the role of guardian is learning what the wishes for the minor and the estate are so a plan can be formed to take the best course of action. One of the first steps in this process is obtaining a guardianship bond from a credible bonding company. The cost of the bond will vary and is often influenced by the value of the estate being guarded.
Any questions about guardianship bonds or other types of surety bonds may be answered by the lawyer trained staff at Jurisco. Protect all parties by fully understanding the surety bond options concerning guardianship.