Guardianship Bond

A Guardianship Bond, like a conservator bond, is designed to ensure that a person legally appointed to manage someone else's affairs for whatever reason does not commit any dishonest or improper acts with the finances and assets of the person that they are responsible for.

A guardian is a person that is legally appointed to manage a person's interest(s) when said person is incapable of managing him or herself due to mental incompetence or when said person is a minor, meaning that he or she has not reached the age of majority in his or her specific state (18-21 years old, depending on the state).

Guardians can also be called conservators or entities.

Guardianship Bonds ensure that the guardian fulfills his or her duties honestly and fairly. The bonds cover any losses to the estate should the guardian take part in any activity that damages the estate or the individual of whom they are managing.