If a court appointed you conservator and requires a conservator bond, send us the court order or instructions. We’ll tell you what the surety needs for a quote.
A conservator bond is a court bond that a court may require when it appoints a conservator to manage another person’s property or financial affairs. It protects the person under conservatorship if the conservator fails to carry out the duties the bond covers.
The terms vary by state. In some states a conservator manages money and property and a guardian handles personal care. In others one title covers both, or the terms are reversed.
Use the title shown in the court documents.
The court or the applicable law usually sets the amount, often connected to the assets the conservator will control. The court’s order controls.
If the amount is unclear, confirm it with the court or your attorney before the bond is issued.
Often, yes. Many conservator bonds renew on a schedule set by the court or the bond, and the court may review the conservator’s accountings. Check the bond and the court’s order.
Keep track of renewal notices so the bond does not lapse while the conservatorship continues.
You normally pay a premium for the bond, not the full bond amount. If the court requires a $100,000 bond, that does not mean the bond costs $100,000.
The premium depends on the bond amount, the conservator’s credit and financial information, the assets, and the surety company. Because many conservator bonds renew, ask about renewal cost too.
Possibly. Some conservator bonds still have options when credit is imperfect, depending on the assets, the bond amount, and other underwriting factors.
Send us the court order first. We can tell you what information is needed before assuming the answer is no.
Send us the court paperwork. The most useful items are:
It depends. A straightforward conservator bond can often move quickly once the court order and underwriting information are complete. Credit problems or a large bond amount can take longer.
Court deadlines matter. Send the order as soon as you receive it.
If this is not the bond you were asked for, these pages may help.
Yes. Terminology, who must post a bond, amounts, and forms vary by state. Follow the court order.
Use our state pages for court bond information specific to where the conservatorship is.
Send us the judgment, court order, and your deadline. We’ll tell you what the surety needs next.
The Bond Agent | 3655A Old Court Rd, Suite 13 | Baltimore, MD 21208