{"id":306,"date":"2016-11-18T11:19:19","date_gmt":"2016-11-18T16:19:19","guid":{"rendered":"http:\/\/bfbond.com\/blog\/?p=306"},"modified":"2016-11-18T11:19:19","modified_gmt":"2016-11-18T16:19:19","slug":"when-is-a-guardianship-bond-required-for-minors-and-the-incapacitated","status":"publish","type":"post","link":"https:\/\/bfbond.com\/blog\/when-is-a-guardianship-bond-required-for-minors-and-the-incapacitated\/","title":{"rendered":"When is a Guardianship Bond Required for Minors and the Incapacitated?"},"content":{"rendered":"

\"wheelchair-1371832238ryb\"<\/a>Back story; A couple is married for over 40 years with no children when the wife becomes incapacitated by Alzheimer\u2019s. They own rental properties in addition to their residence. They have accumulated savings accounts and brokerage accounts and all of their assets are community property. If the husband dies suddenly, the wife in her mental state, does not have the \u201ccapacity to contract\u201d, meaning she cannot consent or participate in any transaction dealing with the property or accounts. A court often times appoints a guardian of the incapacitated person to handle their estate for the purpose of the good of the incapacitated.<\/p>\n

Guardianship Bonds<\/a>, <\/strong>In the family of Fiduciary Bonds <\/strong><\/a>or Probate Bonds <\/strong><\/a>protects the ward\u2019s interests from detrimental actions and mishandling by the guardian. The cost of Guardianship bonds<\/strong><\/a> are a fraction of the\u00a0surety bond <\/strong><\/a>amount\u00a0required by the assigning court.<\/p>\n

How is the bond amount determined?<\/strong>\u00a0 The amount is based on all the assets of the ward, including real estate holdings, bank accounts and trusts. When a Guardianship Bond<\/strong><\/a> is applied for, the\u00a0surety bond<\/strong><\/a> company looks at the guardian\u2019s personal credit score and other financial information. Almost all bonding companies require an attorney to stay involved to help handle the legal aspects of the transaction.<\/p>\n

Call us to discuss your Fiduciary, Probate, and Guardianship bond requirements.<\/p>\n

www.bfbond.com<\/a> 800-921-1008 Jward@bfbond.com<\/p>\n

\"bfb_signature\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Back story; A couple is married for over 40 years with no children when the wife becomes incapacitated by Alzheimer\u2019s. They own rental properties in addition to their residence. They have accumulated savings accounts and brokerage accounts and all of their assets are community property. If the husband dies suddenly, the wife in her mental … Continue reading When is a Guardianship Bond Required for Minors and the Incapacitated?<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/posts\/306"}],"collection":[{"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/comments?post=306"}],"version-history":[{"count":1,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/posts\/306\/revisions"}],"predecessor-version":[{"id":308,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/posts\/306\/revisions\/308"}],"wp:attachment":[{"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/media?parent=306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/categories?post=306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/tags?post=306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}