A Guardianship Surety Bond is required when you have been appointed to protect the assets of a minor until they reach adulthood or “majority.” The bond ensures that the minor’s finances are handled properly.
Difference Between a Guardianship and Other Similar Bonds
A guardianship bond is very similar to the administrator, executor, conservatorship, and trustee bonds, with the following differences.
- Administrator: Principal has been appointed to handle the estate of the deceased.
- Executor: Principal has been appointed through a will to handle the estate of the deceased (and you must submit a copy of the will.)
- Conservatorship: Principal has been appointed by the courts to handle the assets of a person who has been declared unable to handle their own affairs.
- Guardianship: Principal has been appointed to protect the assets of a minor until they reach majority.
- Trustee: Principal has been appointed through a trust to handle the estate of the deceased (and you must submit a copy of the trust.)
The cost of this bond is based on personal credit. Our markets require that your FICO to be 650 or above. Surety1 only runs a soft inquiry on your credit, meaning that the pull will not affect your credit score.
To process your bond, we’ll need a copy of the proposed order from the court that specifies the bond requirements and amount.
In order to find out if you qualify for a guardianship surety bond, all we need is a completed online application.
All 50 States
We are licensed surety experts for all 50 US states. We can get you set up with a court bond no matter what state, county, or city you live in.
Check out our Fiduciary Bond Guide