A guardianship bond is a court bond that protects the money and property of a person who cannot manage it alone, like a child or an adult who is ill.
- Who needs it
- Court-appointed guardians and conservators
- Typical bond amount
- Set by the court, based on the ward's assets
- What you pay
- About 0.5% of the bond amount per year
- Term
- Until the guardianship ends
- A claim protects
- The ward and their family
What is a Guardianship Bond?
A guardianship bond, sometimes called a guardian or conservator bond, protects the person in your care, called the ward. If you misuse their money, the bond pays the ward back. The court asks for it to keep the ward safe.
The bond protects the ward and their family, not you. It is a promise that you will manage the ward's money with care and honesty.
Who needs a Guardianship Bond?
Anyone a court names as a guardian or conservator of another person's money or property may need one. This is common when caring for a child's inheritance or an adult who cannot manage their own affairs.
The judge decides if a bond is required and how large it must be.
How does a Guardianship Bond work?
The steps usually look like this:
- The court sets the bond amount, based on the ward's money and property.
- You buy the bond from Junno Surety.
- You file the bond with the court.
- The court lets you begin managing the ward's affairs.
- If you misuse the ward's money, the family or court can file a claim.
Keep careful records of every dollar you spend for the ward.
How much does a Guardianship Bond cost?
Guardianship bonds usually cost about 0.5% of the bond amount per year. So a $100,000 bond often runs around $500 a year.
Junno Surety prices at the industry rate minus 5%, and good credit can lower it. We can issue quickly for court dates.
What happens if someone files a claim?
A claim happens when you misuse or lose the ward's money. The bond company reviews the case, pays the ward back up to the bond amount, and then collects from the guardian who caused the loss.
How to get your Guardianship Bond from Junno Surety
Junno Surety understands these cases are sensitive and time bound. Send us the bond amount from the judge and a short application, and we can often issue the bond the same day.
We are a licensed surety bond agency and can often issue your guardianship bond the same day. Start your free quote → or call (762) 499-0237.
Things to know about a Guardianship Bond
A guardianship bond protects someone who cannot protect their own money, called the ward. That might be a child who inherited money or an adult who is ill. The court sets the bond amount based on the ward's assets, and it may ask for a fresh bond if those assets grow. Your duty is to manage the ward's money with care. Keep it separate from your own. Spend it only for the ward's needs. Save every receipt and statement, because the court may ask for an accounting. Clear records protect the ward and protect you. These cases are personal and time bound, so we move quickly to meet your court date.
Frequently asked questions
Who does the bond protect?
It protects the ward, the person in your care, and their family. It pays them back if their money is misused.
How much does it cost?
Usually about 0.5% of the bond amount per year. Your credit can change the rate.
Can I get it quickly?
Yes. Junno Surety can often issue guardianship bonds the same day to meet a court date.
What is the difference between a guardian and a conservator?
Terms vary by state. Often a guardian cares for the person, while a conservator manages the money. The bond covers whoever handles the assets.
Does the bond amount ever change?
It can. If the ward's assets grow, the court may raise the required bond amount, and we will help you adjust at renewal.