Guardianship Bonds

[Kirby]

Can someone explain the Guardianship bond and what is it used for? Do guardians & conservators appointed by court need to obtain the surety bond for an amount that’s equal or possibly more than the amount in the trust?

Thanks a lot!

[garretallan]

Joint Control Guardianship bond means an agreement that the attorney will oversee you actions as guardian to ensure it is done properly. However, if a claim arises, no action would be taken against the attorney, as it is more of a good faith agreement than a guarantee.

Joint-control agreements are often required for applicants that do not qualify for the bond otherwise. It is a great way to get your money's worth from your attorney, as you would likely not be approved without it.