Tennessee Guardian Bond
AmeriPro Surety Bonds | 844-589-9732
Conservator/Guardian; Surety Amount Required
A guardian surety bond required of a court-appointee is also referred to as a Tennessee conservator bond. Both terms are used interchangeably, and, for the purpose of securing the required surety bond, mean the same.
A conservator or guardian is appointed to oversee the affairs of a minor or an incapacitated adult.
In Tennessee, according to the statutes on guardianships and conservatorships, the amount of surety required is:
- The sum total of all personal property held in the estate;
- Plus the anticipated earnings of the estate within the next 12 months. This calculation includes earnings from real property as well.
The court will ultimately decide the surety bond amount required of you.
In any case, why is this surety bond required? The bond serves as a financial guarantee for the court that you will lawfully comply with all legal court orders; act in a fair and impartial manner; and that you will act in the best interests of the estate.
Qualifying and the Premium
Our agency typically qualifies you for the Tennessee guardian bond in one of two ways.
If you require a conservator/guardian surety bond up to $100,000, we do so without a credit check inquiry.
Being approved for a guardian surety bond greater than $100,000 will require a surety bond underwriter review and undergoing a credit check inquiry. Additionally, to be approved good credit will be required. You may also be asked to provide additional information.
Our agency will need the following to approve your guardian/conservatorship surety bond:
- A copy of the court order stating that a surety bond is needed. This order will provide our agency with all items needed to be included on your surety bond;
- A completed surety bond application which can be sent to you via DocSign;
- Upon completing the application and providing the court order, review of the items, according to the surety bond amounts required above;
- Upon approval of your surety bond, payment of the first annual premium.
Your guardian bond is issued to you upon payment of the premium. Included with your bond, which we’ll mail to you, will be a Power of Attorney form. It will be your responsibility to both sign and file your bond with the probate court.
Annual Renewal of the Premium
The premium associated with your Tennessee guardian bond renews annually on the anniversary of its issuance for as long as the court requires a guardian/conservator bond.
Premiums paid are earned in full and are completely non-refundable.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in Tennessee and all 50 states.
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