{"id":398,"date":"2018-02-08T15:20:45","date_gmt":"2018-02-08T15:20:45","guid":{"rendered":"http:\/\/www.performancesuretybonds.com\/blog\/?p=398"},"modified":"2022-01-24T16:04:28","modified_gmt":"2022-01-24T16:04:28","slug":"surety-bonds-guardianship","status":"publish","type":"post","link":"https:\/\/www.performancesuretybonds.com\/blog\/surety-bonds-guardianship\/","title":{"rendered":"Surety Bonds for Guardianship"},"content":{"rendered":"<p>Guardianship bonds fall into the category of <a href=\"https:\/\/www.performancesuretybonds.com\/surety-bond\/court-judicial\/\">court bonds<\/a>. Courts often step in to appoint guardians when a person is mentally or physically incapacitated, elderly, or a minor. <!--more-->When a court appoints an individual to take guardianship of another person, they often require that the individual who is being appointed as guardian secure a guardianship bond. These guardianship bonds, which are also known as <a href=\"https:\/\/www.performancesuretybonds.com\/surety-bond\/court-judicial\/conservator-bond\/\">conservator bonds<\/a>, are most commonly required when the conservator will be in charge of the ward\u2019s finances. Why? It\u2019s an easy and effective way of protecting the interests of the person who is the subject of the guardianship ruling. Some people are surprised to learn that guardianship bonds may be required even if you voluntarily become the guardian of a vulnerable person; again this is to protect the ward from any potential dishonest behavior of the guardian.<\/p>\n<h2>How Do Guardianship Bonds Protect the Ward\u2019s Interests?<\/h2>\n<p>The surety bond provides a form of financial umbrella. If the guardian fails to act in the best interests of the ward a claim can be made against the bond to reimburse any financial losses. It\u2019s for this reason that <a href=\"https:\/\/www.performancesuretybonds.com\/surety-bond\/what-is-a-surety-bond\/\">surety bonds<\/a> are often mistaken for a form of insurance. As a guardian, you should be aware that surety bonds are not insurance. If you\u2019re appointed as a guardian and required to <a href=\"https:\/\/www.performancesuretybonds.com\/surety-bond\/obtaining-a-surety-bond\/\">purchase a surety bond<\/a> it\u2019s essential that you\u2019re aware of your financial responsibilities, not just to your ward, but also to the surety bond company. If a claim is made against your surety bond, the surety will pay the claim if it\u2019s deemed valid. However, unlike insurance, you will then be required to reimburse the surety bond for any expenses paid on your behalf. You will not have to worry about this if you honestly and fairly care for the ward and their finances!<\/p>\n<h2>Securing a Guardianship Bond<\/h2>\n<p>A guardianship bond is a contract between three parties: the <strong><a href=\"https:\/\/www.performancesuretybonds.com\/surety-bond\/terminology-glossary\/surety\/\">surety <\/a><\/strong>(underwriter), the <strong><a href=\"https:\/\/www.performancesuretybonds.com\/surety-bond\/terminology-glossary\/obligee\/\">obligee<\/a><\/strong> (the court), and the <strong><a href=\"https:\/\/www.performancesuretybonds.com\/surety-bond\/terminology-glossary\/principal\/\">principle<\/a><\/strong> (the guardian). To secure a bond and fulfill the court\u2019s requirements you\u2019ll need to fill out an application and provide any additional requested documentation. The bonding service will calculate the premium and issue your quote. Once the premium is paid in full the bond will be issued.<\/p>\n<p><a href=\"https:\/\/www.performancesuretybonds.com\/\">Viking Bond Service<\/a> is a leading US bonding company and can help you secure the right bond at an affordable price. Call, email, or fill out our <a href=\"https:\/\/www.performancesuretybonds.com\/standardapp\/\">online application form<\/a> to get started!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Guardianship bonds fall into the category of court bonds. Courts often step in to appoint guardians when a person is mentally or physically incapacitated, elderly, or a minor.<\/p>\n","protected":false},"author":1,"featured_media":400,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[78,77],"class_list":["post-398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-conservator-bonds","tag-guardianship-bonds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Surety Bonds for Guardianship | Viking Bond Blog<\/title>\n<meta name=\"description\" content=\"Guardianship bonds, which are also known as conservator bonds, are most commonly required when the conservator will be in charge of the ward\u2019s finances.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.performancesuretybonds.com\/blog\/surety-bonds-guardianship\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Surety Bonds for Guardianship | Viking Bond Blog\" \/>\n<meta property=\"og:description\" content=\"Guardianship bonds, which are also known as conservator bonds, are most commonly required when the conservator will be in charge of the ward\u2019s finances.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.performancesuretybonds.com\/blog\/surety-bonds-guardianship\/\" \/>\n<meta property=\"og:site_name\" content=\"Surety Bond Blog | Discover Performance Bonds, Court Bonds &amp; 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