How do I apply for a Guardianship Bond?
We make applying for Guardianship Bond easy by offering a fast Online Application, or you can Download Application and return by fax or secure message. Information required is the same ordinarily found on a personal credit application, and probate case information. You’ll need wards full name, county probate case being filed, health status, income source & estate assets, estate heirs, and other information.
How fast can I get an Guardians Bond?
Once you apply for a Guardianship Surety Bond, we typically confirm receipt of your application within a few hours. Additional questions often arise, prompt reply to follow up questions helps expedite process. Once all questions have been answered, approval and issuance is typically same day or within 24 hours. Our Guardian Bonds are sent with USPS Delivery Confirmation / USPS Tracking at no additional charge. Overnight and same day courier is available at additional cost.
What are the qualifications to obtain a Guardianship Bond?
Guardianship Bonds, or Probate Court Surety Bonds, are evaluated based on three main criteria:
- Personal credit history of applicant;
- Attorney retained to answer questions for applicant;
- Applicant experience handling probate or financial matters.
What is a Guardianship Bond?
Probate Courts often order Guardianship Bonds for cases when party is unable to manage their own affairs, either person or their estate, due to age or illness. Two types of Guardianship Bonds include incompetent/adult guardianship bonds and minor/child guardianship bonds.
A Guardianship Bond is similar to a Conservators Bond. While a Conservators Bond is designed to help with a persons financial affairs, a Guardianship Bond is designed to help with health and personal matters.
Do you offer high penalty Guardianship Bonds?
YES! All insurance carriers have maximum amounts they are financially capable of issuing. Sometimes carriers do not offer large bond amounts due to insufficient capitalization of their own assets – the carrier itself may not qualify to issue high bond values. Since we work with many insurance carriers, including subsidiaries of several of the Top 10 carriers in the world, we’re able to accommodate most any bond value. We’ve underwritten individual probate bonds of 5 million and more.
How much does a Guardianship Bond cost?
We work with many insurance carriers offering Guardians Surety Bonds. Each carrier determines its own rates, which are typically based on a tiered percentage basis. Price for a guardianship probate bond typically vary from 0.25% up to 0.75% of face value, with a minimum premium of $100. For adult guardianship bonds, most require annual renewal payment. For minor child guardianship bonds, most carriers require full payment through time child is 18 years old.
Best prices… we beat any scheduled rate!
|Guardianship Bond Penalty||Guardianship Annual Price|
|Less than $20k||$100+ one-time-payment|
|$20k – $40k||$100+|
|$41k – $60k||$103 – $380+|
|$61k – $80k||$153 – $450+|
|$81k – $100k||$203 – $525+|
|$101k – $150k||$253 – $920+|
|$151k – $200k||$378 – $1220+|
|$201k – $300k||$503 – $1620+|
How is a Surety Bond different than an insurance policy?
A Surety Bond acts more like a co-signor than a regular insurance policy. If Court deems fiduciary duty was violated and payment due, the insurance company issuing probate bond will pay the court. However, unlike an insurance claim where insurance company indemnifies applicant, they will seek reimbursement for anything paid.
Where do you offer Guardianship Bonds?
We are currently licensed to offer probate bonds in the following areas:
Do you offer large penalty probate court Guardians bonds?
YES! We work with multiple probate surety bond carriers and have been able to accommodate every probate bond request applicants are qualified for. We are not limited by the same restrictions most other insurance carriers have, and they are unable to issue the very large bond penalty amounts we’ve been successful in obtaining for our clients. 1 million, 2 million, 3 million, 4 million, 5+ million dollar probate court bonds have been issued by our office. More info on our High Penalty Probate Court Bonds.