Probate / Fiduciary
Guardian Bond
A guardian bond is a court bond required when a guardian is appointed to manage the money or property of a minor or an incapacitated adult.
- Required by
- Probate courts
- Bond amount
- Set by whoever requires the bond. We confirm it.
What this bond guarantees
Required when a guardian is appointed to manage the estate of a minor or an incompetent. The bond guarantees the guardian will faithfully perform all duties and account for the ward's property. If the guardian misuses the ward's assets, the court or a successor can recover through the bond.
Who needs it
- Guardians of a minor who receives an inheritance or settlement
- Guardians of an incapacitated adult's property
- Family members appointed by the probate court
What the underwriter looks at
- Value of the ward's liquid assets
- Guardian's personal credit
- Whether funds go into a restricted account
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 does a Florida court set the amount?
Florida section 744.351 requires at least the total of the ward's cash, bearer bonds, and other readily tradable property under the guardian's control. The court can reduce it if assets go into a restricted account at a designated financial institution.
What is the difference between a guardian and a conservator in Alabama?
In Alabama, a conservator manages property, while a guardian generally cares for the person. Courts sometimes use the terms loosely, so read your court order.