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Guardianship Bond Services in Florida
Count on Arne Carlson Insurance to Write your Guardianship Bond in Florida
A guardian is a court-appointed person who oversees the well-being of a person who cannot take care of themselves such as disabled adults, minors, or the elderly. A guardian is often the main caregiver and is accountable for their ward’s affairs and finances.
A guardianship bond guarantees guardians accurately manage the affairs and financial information of the individual placed in their care. The guardianship bond also serves as a deterrent for people with questionable motivations to serve as legal guardians.
For example, if a guardian mishandles their charge’s assets, a claim could be made against their guardianship bond to protect the individual under their care from financial loss.
Why Choose Us for Your Guardianship Bond in Florida?
Arne Carlson Insurance has been proudly serving the area since 1947. We are dedicated to serving Florida Insurance requirements of area individuals, local families, and businesses. We take great pride in our specialized focus and relationships with each and every client. It is important that you purchase your bond from a quality and financially secure company.
We make the process of getting a guardianship bond in FL easy and stress-free! We will help you with the process and ensure you get everything you need for your guardianship bond. Contact Arne Carlson Insurance to learn more about a guardianship bond in FL today!
Helping You Understand The Purpose Of A Guardianship Bond in FL
A Guardianship Bond in Florida is a type of probate bond in FL that a court may require if you have been selected to be the legal guardian of another individual.
A Florida Guardianship Bond is to ensure that the chosen guardian performs duties in the best interest of the individual to whom they have been assigned guardianship.
If a situation arises where the Guardian mismanages or otherwise abuses the finances, property, or other specified aspects of the wards care, then a claim will be filed against that Guardianship Bond surety company in FL following a conviction in a court of law. The purpose of the claim is to financially protect the ward from the actions of the guardian, if warranted.
How Do I Know If I Need To Get A Florida Guardianship Bond?
The Court grants rights to people selected as 'guardians' to care for or manage any financial assets, property, medical determinations, living arrangements, and activities (to name a few) of the ward. The Court may limit the areas of oversight of the guardian. A guardian will be appointed by the court after it has become evident that the recipient or ward is not capable of making decisions on their own behalf. Physically disabled or an elderly person is not enough to justify the appointment of a guardian.
You will receive a notification from the courts if a Guardianship Bond in FL is required, whether you are appointed a guardian by choice or mandate. Our office requires the engagement of legal counsel by the guardian for the duration of the bonding term.
Why Is Attainment Of A FL Bond For Guardianship Significant?
A ward or beneficiary does not necessarily require a relative, but any qualified and approved adult can be assigned. In most circumstances, a ward can select (if they are deemed to have the decision capacity) their own guardian. Once that individual demonstrates their ability to make decisions on behalf of the ward, the appointment is approved by the Fl court.
If possesses considerable financial resources and properties, guardians may be required to post a Guardianship Bond in FL. Lawful guardians are selected and appointed by the courts to evade any future problems with the beneficiaries when dealing with properties and financial assets to meet legacies, commitments or debts that may be owed. They are designated to adhere to a high standard of care in performing their fiduciary duties.
Therefore, if you are the appointed Guardian, you are to assure the court that you are highly capable of all proper conduct in the legal custody and care of your beneficiary's finances, belongings and/or property.
Guardianship Bond FL Requirements
As a court-appointed legal guardian you will need to secure a Guardianship Bond in FL as part of the process. Here are some rudimentary necessities that you would need to deliver your selected surety company to be considered for guardianship bond:
- Completed application form;
- Financial statements such as your personal credit score, and any applicable documents that can demonstrate the strength of your financials. (This is generally at the option of the surety);
- A copy of the court ruling or the official order.
The general underwriting considerations for the surety’s acceptance of the proposed guardian are an individual’s Character; Capacity; and Capitol.
How Much Does a Guardianship Bond in FL Cost?
The amount of the Guardianship Bond will determine the cost of the Guardianship Bond in FL. The court will identify the amount of the surety bond that is required for guardianship and this is often based on the assets and finances of the ward or beneficiary.
A licensed agent at the Arne Carlson Insurance Agency will be able to provide you with the anticipated cost of the bond amount as set by the court for the Guardianship Bond in FL.
Important To Know About A Guardianship Bond in FL
The surety company will charge a premium annually for the Guardianship Bond in FL that must be paid until the court releases the bond. In some cases, a lowered bond amount can be requested, and in the event that the courts grant this request, you can pay a reduced annual premium.
In the office of Arne Carlson Insurance Agency, we require the engagement of a Board Certified attorney by the guardian for the guardianship.
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This website is provided by Arne Carlson Insurance Agency, Inc., for general informational purposes only and is not legal advice. Neither the Agency nor any of its staff is licensed to practice law. The use of this website and the information it contains are governed by this disclaimer.
Readers of this website, including but not limited to personal representatives, guardians, and any other person serving in a fiduciary relationship, should consult an attorney to obtain advice for their specific legal matter. No reader should act or refrain from acting based on information on this website without first seeking legal advice. Only an attorney can advise you whether the information contained herein is appropriate in your situation.
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