Conservatorship bond explained
A conservatorship bond is a surety bond a court requires when it appoints a conservator to manage the finances of an adult who can no longer manage them alone. It guarantees the conservator handles that person's money and property honestly and follows the court's orders. If the conservator misuses the funds, the bond covers the loss to the protected person.
Reviewed by Dustin SanVido, Estates Program Lead
Conservator or guardian?
The title varies by state. In many states, a conservator manages a person's finances while a guardian manages their personal care and living decisions. Some states, including Texas and Pennsylvania, use guardian of the estate for this same financial role instead of conservator. The bond attaches to whoever manages the money, whatever the title on your court order. Guardianship bond
When a conservatorship bond is required
A court usually requires the bond when it grants a conservatorship over an adult's estate, to protect that adult's assets. The court sets the bond amount based on the value of what the conservator will manage. This is one of the bond types courts waive least often; several states make it mandatory by default, even in states where the equivalent estate bond is not.
What it costs and how to get one
The premium is typically 0.3% to 1% of the court-set bond amount per year, adjusted for credit and complexity. You apply with the court appointment, the value of the assets, and your information for underwriting. Most bonds move quickly once the court sets the amount.
Conservatorship bond questions
What is the difference between a guardian and a conservator?
- In many states, a conservator manages finances, and a guardian manages personal care, though some states use one term for both roles.
How much is a conservatorship bond?
- Typically 0.3% to 1% of the bond amount the court sets, adjusted for credit and the size of the estate.
Who pays for it?
- The conservator arranges the bond, and the premium is generally paid from the protected person's estate as an approved expense.
A court deadline does not have to be a crisis
Tell us the bond you were ordered to post. We get it issued and filed, so the estate can move forward.