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A financial guarantee ensuring the conservator manages the protected person's affairs responsibly.
A conservator bond is a fiduciary bond that protects the interests of a person who is unable to manage their own affairs due to incapacity or disability. This bond ensures that the conservator acts in the best interests of the protected person, overseeing their financial and personal matters in accordance with legal standards. It provides a safeguard for the protected person's assets and well-being, compensating for any mismanagement or misconduct by the conservator.
Credit score over 650,Appointed by the court as a conservator,Must have an attorney or prior experience in conservatorship,No disputes regarding the protected person's care or estate
Conservator bonds are often required by courts to ensure accountability. It is advisable to consult with legal counsel to understand specific conservatorship requirements and responsibilities in your jurisdiction.
Here are some of the most asked Fulton County Illinois surety bond questions
Any bond changes or cancellations require a court order. By law, neither the attorney, the principal, nor the agent can cancel a bond. Only the court can cancel or change a bond through a court order.
If the court issues an order to change or cancel your bond, please notify us by submitting a secure message on this website. Upload the bond discharge order or let us know if it is available on the court docket for download.
For changes, any additional pro-rated premium will be due if the bond amount is increased.