Information on Guardianship Bonds
We are legally licensed to issue guardianship bonds nationwide. Whether you’re looking to become a legal guardian in Texas, Indiana, Florida or Illinois, we can help.
Guardianship bonds – also called “custodian bonds” and “custodial bonds” – are a unique type of court bond. Guardians typically have control over the finances and general well being of another individual. These bonds help guarantee that legal guardians act in the best interest of the person they care for and follow all orders of the court without taking advantage of their position. These bonds also discourage frivolous custody battles. But don’t worry if you don’t know much about how guardianship bonds work. Our surety experts developed this guide to help.
Get A Free Custodial Bond Quote Without Obligation
There are a few factors that determine the price of this type of surety bond. These factors include:
- specific qualities of your unique case (amount of the estate in question, etc.)
- your state’s guardianship/custodian requirements
- your financial credentials (credit score, etc.)
Guardianship bond costs vary on a case-by-case basis. To qualify for this bond, applicants usually need a credit score of at least 650. Still, don’t let a poor credit score keep you from getting the bond you need. We have a history of helping applicants who have bad credit. If you qualify, we’ll find you the lowest rate available for your bond.
Experience Efficient Bonding Services
At this time, your account manager will walk you through the application process, collecting all necessary information and verifying your credentials. Once your application is complete, we’ll shop your bond around to find the best rate possible. In most cases, this takes just two to three business days.
If you’re satisfied with your free, no-obligation price quote, your bond will be issued as soon as payment is processed. You’ll receive a copy of your bond form via email, and your original bond form will arrive via your preferred shipping method. Overnight shipping is available if you need your bond in a hurry.
Learn More About Surety Bonds
Like all surety bonds, guardian bonds act as a financially-binding contract between the following three parties:
- principal: The principal party — the guardian, in this case — purchases the bond and pledges to uphold the terms of the contract.
- obligee: The obligee — the state in this case — is the party that requires the bond.
- surety: The surety is the company that produces the bond, therefore backing the pledge on behalf of the principal.
Ultimately, guardianship bonds ensure that guardians judiciously and accurately manage the finances and affairs of a person who is either under age or otherwise incapable, as well as act as a deterrent for people with questionable intentions to serve as a legal guardian altogether.
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