Probate / Fiduciary
Conservator Bond
A conservator bond is a court bond required of a person appointed to manage the property and finances of a minor or incapacitated adult.
- Required by
- Probate courts
- Bond amount
- Set by whoever requires the bond. We confirm it.
What this bond guarantees
Used to protect the interest of a minor or adult incompetent. The bond guarantees the conservator will manage the protected person's estate faithfully and account to the court. If the conservator wastes or takes the assets, the protected person's estate can recover through the bond.
Who needs it
- Conservators of a minor's inheritance or settlement
- Conservators of an incapacitated adult's estate
- Family members appointed by the probate court
What the underwriter looks at
- Value of the estate plus expected income
- Conservator's personal credit
- Whether assets are in restricted accounts
Requirements vary by state and by who asks for the bond. Send us the request you received and we will confirm exactly what it calls for.
Common questions
How is the amount set in Alabama?
The probate judge sets it in the appointment order. It is generally based on the estate property under the conservator's control plus a year of income, reduced for restricted securities and land that cannot be sold without court approval.
Can the bond be reduced later?
Yes. Anyone interested in the protected person's welfare may petition the court to increase or reduce the bond.