Other types of court bonds
Probate bonds, also known as fiduciary bonds, are required by the court of a fiduciary. These bonds protect any interested parties from loss resulting from any failure of the fiduciary to faithfully perform the duties and obligations required of them by law.
Required to protect the administration of a deceased person’s estate when that person has died without leaving a will.
Required to protect an estate against fraudulent activities of a fiduciary named by the deceased person to administer their estate.
Guarantee that a conservator will be responsible for the assets and finances of a minor or incompetent who is deemed fully or partially incapable of properly handling their finances.
Guarantee that a guardian will faithfully and diligently administer a ward’s welfare, preserving the rights and assets of the minor or incapacitated person.