One of the most frequently asked about bonds in New York is the guardianship bond. New York guardianship bond mandates apply to an individual applying to be a guardian. This type of surety bond does a lot of good and offers vast protection against wrongful harm. Jurisco offers same day service for the majority of guardianship bonds in New York. Let the surety bond experts take care of the details.
A guardianship bond is employed by New York to cover an individual in the event their guardian mistreats them financially or physically. Surety bonds are often used as a form of protection providing people with a form of recourse. A New York guardianship bond is required in the majority of cases where a person is placed under guardianship. Typically, this bond is waived when it’s another family, however, court’s often err on the side of caution and uphold the mandate.
What Happens If A Bond Is Not Used?When a New York guardianship bond isn’t used both the person and the guardian are left in a vulnerable position. If a guardian mishandles funds or mistreats the person under their care, there are still grounds for the Court to take action even without the bond. However, with this New York surety bond, relief is found faster and there isn’t an unwarranted financial hardship.
Guardians who ignore the mandate face additional legal action for failing to comply with state rules. This could tie the guardian up in court or leave them facing a large fine. If a guardian refuses to secure a bond that could be used as grounds to deny their application and/or revoke their guardianship.
The terms for a guardianship bond are determined by the facts of the case. Age, value of estate, location, and health can play a role in the lifespan of a guardianship bond in New York. Jurisco works with clients on a range of these guardianship terms. Surety bond experts always deliver the right conditions making sure clients get the most out of their bonding experience.
Have questions about how to meet guardianship bond New York requirements? Contact Jurisco today and learn more about the benefits of a New York guardianship bond and how to receive a low surety bond rate.