Understanding a Guardianship Bond and Cost of a Guardianship Bond.
Posted: July 5, 2019
Guardianship Bond insures that an appointed guardian will correctly manage the finances of the individual. This type of bond is also known as custodian bond. Custodian Bond, a type of Probate Bond, guarantees faithful performance of duty by a fiduciary appointed by the court to administer the estate of a minor or incompetent person. The Custodian Bond is synonymous with the Guardianship Bond. Guardianship bond...
Probate Bond
Posted: October 2, 2011
Definition of a Probate Bond When an individual dies, that person has most likely left property and assets to be distributed. This property is referred to as an estate. Frequently, another person will oversee the distribution of the property and assets to the heirs of the estate. In order to provide certain protections to the heirs of the estate, this person must post a probate...