Texas Guardian Surety Bond; Amount and Purpose
The surety bond required of a Texas guardian can alternately be referred to as a Texas conservator bond. For purposes of securing your Texas guardianship bond, both terms mean the same.
A guardian oversees the estate and wellbeing of someone who is either a minor or an incapacitated adult.
According to Texas Estates Code, Title 3, Subchapter D, Chapter 1105, as amended, you are generally required to obtain a surety bond, unless exempt (if you are here, you likely require surety as a condition of your appointment).
The bond protects the state of Texas, and the person over whom you are appointed, from any illegal non-compliance with any statutes or orders of the court concerning your guardianship which causes harm to the estate.
The value of the estate in question and any estimated earnings of the estate will be used by the court as factors to determine the amount of surety bond required.
Our agency offers you the Texas guardian bond in any amount required. Up to a $100,000 surety bond requirement, we also typically provide this bond to you without a credit check inquiry.
If you require a conservator/guardian surety bond greater than $100,000, being approved involves a surety bond underwriter review of your credit and a determination of good credit.
You may also be asked to provide additional information as requested.
Regardless of your surety bond requirement, our agency will need the following from you:
Our agency issues your surety bond to you immediately upon payment of the first annual premium. Your bond and a Power of Attorney form will be sent to you for both signing and filing by you.
The premium for your Texas conservator/guardian bond renews annually on the anniversary of its issuance. This renewal is to be paid for as long as the court requires surety.
Premiums paid are earned in full and are fully non-refundable in part, or in whole.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you...