Tag Archives: guardianship bond

Court and Fiduciary Bonds

In today ‘s complex society, more and more people are engaging in litigation, which creates an increased need for the various bonds required in many cases.
BFBOND.com assures prompt service, not only in providing these judicial bonds locally, but also for those which a lawyer or one of his clients may be re­quired to file in some other part of the country. We make our bonds and ser­vices available in all parts of the nation either directly working with the clients or through thousands of independent in­surance agents and brokers. And, to assure these representatives and their clients effective action when coverages are needed or losses sustained, Bernard Fleischer & Sons, Inc  maintains  an expertly-staffed sales, underwriting and claim office.
Since 1949, Bernard Fleischer & Sons, BFBOND.com  has been one of America’s pioneer bonding companies. We work with company ‘s ap­proved as surety on bonds required by the Federal government. Bernard Fleischer & Sons, BFBOND.com  consistently occupies a front-rank position in the surety field.
Our commitment to sound under­ writing principles enables us to pro­vide a stable source of expert bonding service. At Bernard Fleischer & Sons, Inc, we believe that the proper handling of many forms of surety bonds requires technical knowledge that can be acquired only by a concentrated study of the subject combined with years of practical experience in the application of such knowledge.
Attorneys have come to depend on Bernard Fleischer & Sons, Inc experience and unparalleled service in meeting the special bonding requirements of the legal profession, such as:
• Administrator’s/Executor’ sf Personal Representative’s Bonds
• Guardian/ Conservators/ Committee Bonds
• Testamentary Trustees Bonds
• Receivers Bonds
• Trustee in Liquidation Bonds
• Trustee in Reorganization Bonds
• Attachment/Garnishment Bonds
• Replevin Bonds
• Injunction Bonds
• Indemnity to Sheriff
• Counter-Replevin Bonds
• Appeal, Supersedeas, Stay of Execu­tion Bonds
• Release Attachment/Discharge Garnishment Bonds
• Dissolve Injunction Bonds
Contact us:

Visit: www.bfbond.com

William Fleischer, CIC

Jose Ward 800-921-1008 JW@bfbopnd.com

 

Guardianship Bonds & Guardian Bonds

guardianship

Bernard Fleischer & Sons Inc. can guide you through the process of obtaining the guardianship bond often required. We have extensive experience in placing probate / fiduciary bonds.

 

What is a Guardianship Bond?

A Guardian is a fiduciary appointed by the court to manage the estate of a minor or incompetent. Most bonds are written for multiple years, depending on the individual circumstances.

A guardianship bond is a type of fiduciary bond. Like all fiduciary bonds– a subcategory of court bonds– the guardianship bond is required by an assigned person who handles the property and monies of a minor or otherwise incompetent person. Subject to its specific terms, this bond guarantees honest accounting and faithful performance of duties. These bonds are customarily filed in a probate court.

 

What do Guardianship Bonds do?

Guardianship Bonds work similar to insurance. But instead of protecting you, they protect the person you are caring for. They protect against losses or damages should you (the guardian) behave improperly or unethically. This means if you steal money from a minor’s trust that you are caring for, a claim can be made against your bond, they guarantee you will not abuse or neglect the person you are caring for. And if you do, the minor or incapacitated individual is protected by the bond.

 

How to get a Guardianship Bond

Our Surety Bonding Agency is a full-service, national surety bonding agency, licensed in every U.S. state to serve all your needs. Our team is proud of our attentive service and quick turnaround times. We provide responsive, knowledgeable assistance to attorneys, fiduciary and other individuals in need of all types of probate bonds and other court bonds.

For further information about guardianship bonds see our article When is a Guardianship Bond Required for Minors and the Incapacitated?, email Jose Ward at jw@bfbond.com, call us at 800.921.1008 or fill out an application here.

How does one become a bonded administrator?

The administrator is generally the choice of the family of the deceased, and is chosen because they believe he or she is the most able among them. Since they know him or her better than anyone else, it usually works out that a person appointed to handle an estate is a good sort of risk.

Before he commences his task of collecting all of the moneys due the estate, he must furnish a bond, which guarantees that he will faithfully perform his duties as administrator, that he will file inventory within a short period, pay claims, distribute the residue in accordence with the law and last but not least make proper return to the court by a final accounting, covering everything that has been done. When the court has approved what has been done, then his bond to the surety can be released.