How to Safeguard a Guardianship: Why Guardian Bonds, Custodian Bonds, and Conservator Bonds Are Needed

When an individual is a minor or is designated by a court to be incapacitated with a mental illness or mental deficiency, the court’s responsibility is to look out for the best interest of that individual.  Frequently, the court does this by appointing a guardian (also called a custodian or conservator depending on the jurisdiction) to watch over the minor or incapacitated individual’s personal and financial affairs. Why Do Courts Require Guardian Bonds, Custodian Bonds, and Conservator Bonds? Typically, when the guardian is managing the estate of an incapacitated person, the court will require a surety bond to insure the faithful performance of their duties as guardian. This court bond is frequently called a guardianship bond but can also be termed as a custodian bond, custodial bond, conservator bond, estate bond, fiduciary bond, or probate bond depending upon your jurisdiction. What is a Guardian Bond? A guardian bond is a type of probate bond that assures a court that a perso
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