Florida Guardianship Bond |
AmeriPro Surety Bonds | 844-589-9732
Surety Bond; Purpose and Amount
The Florida guardianship bond may alternately be referred to as a Florida conservator/conservatorship bond.
As guardian, you are appointed by the probate court to oversee the estate of someone who is either:
- A minor; or,
- An incapacitated adult.
According to the current Florida law, a condition of your appointment as guardian is that you obtain a surety bond in an amount that the probate court determines.
Factors which will go into determining the amount of surety required include:
- No less than the full amount of cash on hand or in deposit held by the ward and to which you will have access;
- The value of any notes or bonds payable;
- The value of any other intangible property held in the estate to which you will or could have access.
The purpose of the guardian surety bond requirement, as you probably have already determined, is to protect the value of the estate to the satisfaction of the court. This surety bond is a financial guarantee of your compliance with all states laws.
Qualifying and the Premium
Our agency offers you the Florida guardian/guardianship bond in whatever amount that the court requires of you. Up to and inclusive of a $100,000 surety bond requirement, we also do so without a credit check.
If you require a guardianship surety bond greater than $100,000, approval is subject to review by a surety bond underwriter, and providing whatever additional information is requested.
This review will include a credit check inquiry. To be approved at these higher amounts, good credit will be required.
In whatever amount of guardianship bond required, our agency will need the following from you:
- A copy of the court order stating that a guardianship/conservatorship bond is required;
- A completed surety bond application. The application can be sent to you via DocuSign. This will facilitate ease and timeliness of completion;
- Upon receipt of your completed application, review of the application according, in part, to the dollar threshold limits discussed above;
- Upon approval of your surety bond, payment of the first annual premium.
Our agency issues your Florida guardianship bond to you immediately upon payment of the premium. Included with your bond will be a Power of Attorney form. This form authorizes our agency to write your bond, and you’ll need to file it along with the guardianship bond.
One of the fortunate facets of Florida court-related surety bonds is that typically we can email you your bond for filing with the court, saving on the time delay of mailing; however, we can also mail your bond to you for singing and filing with the probate court.
Annual Renewal of the Premium
The premium associated with your Florida guardianship bond renews annually on the anniversary of your bond’s issuance, for as long as the court requires surety.
Premiums paid are earned in full and are non-refundable either in whole or in part.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you.