What is a Texas Conservatorship Bond? It is a three-party agreement that will ensure that the conservator/guardian of the estate will fulfill this or her fiduciary obligations to the ward (person who has been placed by the court under the legal care of a guardian of the estate) as required by the court.
Thinking of becoming a conservator in Texas? There is a lot to consider before taking on the role. As with any surety bond, people want to ensure they meet all requirements and not have to spend a lot of money out of pocket to make it happen. To help make the surety bond process in Texas a little easier here are three tips to consider before applying for a conservatorship surety bond in the Lone Star state.
Tip 1: Be Prepared for the Responsibility
Serving as a conservator or a guardian to an estate is a huge responsibility and the state of Texas expects people to act accordingly. What is your motivation to being a guardian? Are you ready to deal with the stress of executing an estate?
Taking on the responsibility of being a conservator is a big one. Thinking through these motivations will help you determine if the responsibility is worth taking on. Of course, there are a lot of positives to taking on the role, too. This step is about weighing out all the pros and cons you can think of to make the best decision possible.
Tip 2: Work with a Surety Bond Expert
Once you have made the decision to move forward in the process, always be sure to work with a surety bond expert. A surety bond expert will know exactly what requirements and guidelines you will need to satisfy to follow.
While Texas handles conservatorship surety bonds every day, it can be costly to not work with a surety bond expert. Working with guardianship bond experts helps you avoid any lawsuits that could creep up. It also helps you be protected from ever being held personally responsible financially, that is, for any issues concerning the position.
Having a surety bond expert on your side means that you can rest easy knowing the courts and state of Texas have everything they need. And you have everything you need, too.
Tip 3: Choose a company that works quickly
The third tip is to bring everything together with a surety bond company that works quickly for you. Jurisco is a nationwide surety bond company with Texas surety bond experts on staff. The lawyer-trained team can handle a conservatorship bond the same day or next-day depending on the situation.
Working with a company that is reputable like Jurisco, makes everything easier for you. After all, you have a lot of other things to do today rather than deal with a surety bond. So let Jurisco handle the bond for you.
Contact Jurisco today to learn more about our surety bond process. Have questions about the Texas conservatorship bond? Send us a message or give us a call now.