What is a professional guardian bond, and how does it work?
A professional guardian bond is not designed to protect the guardian but to protect the person needing a guardian. Every state takes guardianship seriously. Utilizing a professional guardian bond helps prove the guardian is ready to act in the best interest of whoever is in their care. This bond protects the person needing a guardian against the unlawful use of monetary funds or assets.
What type of surety bond is a professional guardian bond?
A professional guardian bond is a type of license and permit bond. Depending on the state, a professional guardian bond may be referred to as a license bond or a permit bond.
How much does a professional guardian bond cost?
The cost of a professional guardian bond will vary depending on the terms of the guardianship, the state in which this is taking place, and the financial history of the guardian. For example, a credit score can impact the professional guardian bond rate. Jurisco works with clients in every state to deliver the lowest surety bond rate possible.
Appeal bond cost depends on the total value of the money judgment, state ordinances, and court fees. The credit score of the applicant may also impact the cost. State ordinances vary, as do court fees.
At a minimum, an appeal bond costs $250. The premium amount is 1% with collateral or 2% without collateral.