Massachusetts Conservator Bond
AmeriPro Surety Bonds | 844-589-9732
Conservatorship Surety Bond; Amount and Purpose
According to Massachusetts legislation, a court-appointed conservator — of either a minor or an incapacitated adult — unless excused, must furnish a surety bond before assuming the duties of a conservator (Massachusetts General Law, Section 5-410).
This duty obliges Massachusetts conservators, temporary conservators, and special conservators.
The surety bond is required for the protection of the estate over which you as conservator will have control. The amount of surety bond required will be set by the estate, and may very well be commensurate to the sum total of assets over which you’ll have access.
Qualifying and the Premium
The Massachusetts conservator bond is offered to you in any amount that the presiding probate court requires.
Up to a $100,000 surety bond requirement, our agency typically offers this bond without a credit check inquiry.
If you require a conservator bond greater than $100,000, approval is subject to review of your application by a surety bond underwriter. This review includes a credit check inquiry. Good credit will be required for approval at these higher surety bond amounts.
For any conservatorship bond, our agency will need the following from you:
- A copy of the Massachusetts court order appointing you as conservator and stating the surety bond amount required of you;
- Completion of your surety bond application. The application can be sent to you via DocuSign. This will allow you to complete, sign, and return the application to the underwriters electronically;
- Upon review and approval of your surety bond application, payment of the first annual premium
Your bond is issued and mailed to you for signing and filing with the Massachusetts probate court upon receipt of the premium. Included with your bond will be a Power of Attorney form. You’ll file this as well.
Annual Renewal of the Premium
The premium associated with your conservator/guardian surety bond is not a one time payment. Rather, it renews annually on the anniversary of your bond’s issuance.
Premiums paid are earned in full and are neither partly or fully refundable.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, court, probate, and other surety bonds in Massachusetts and all 50 states.
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