How do I apply for a VA Custodian Bond?
We make applying for VA Custodian Bond easy by offering a fast Online Application. You also have option to Download Application. Information required is the same ordinarily found on a personal credit application and VA case information. You’ll need Veterans full name, VA Location being filed, C#, status of health, source of income and estate assets, estate heirs, and other information.
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How fast can I get an VA Custodians Bond?
Once you apply for a Veterans Administration Custodian Surety Bond, we confirm receipt within a few hours. Additional questions often arise. Prompt reply to follow up questions helps expedite approval process. Once all information submitted, approval and issuance is typically within 24 hours. Original VA Custodian Bonds are sent with USPS Delivery Confirmation / USPS Tracking at no additional charge. Overnight and FedEx is available for additional fee.
What are the qualifications to obtain a VA Custodian Bond?
Veterans Administration Custodian Bonds, or VA Custodians 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 VA Custodian Bond?
Veterans Administration often orders VA Custodian Bonds for cases when party is unable to manage their own affairs, either person or their estate, due to age or illness.
A VA Custodian Bond is similar to a Guardianship or Conservators Bond. While a Conservators Bond is designed to help with a persons general financial affairs, a VA Custodian Bond is designed to help with VA Benefits.
VA Custodian Bonds are issued to Secretary, U.S. Department of Veterans Affairs.
How much does an VA Custodian Bond cost?
We work with many insurance carriers offering VA Custodian Surety Bonds. Each carrier determines its own rates, which are typically based on a tiered percentage basis. Price for a VA Custodian probate bond vary quite a bit. For adult VA Custodian 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!
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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 VA Custodian Bonds?
We are currently licensed to offer probate bonds in the following states:
Indiana
Michigan
Ohio
