A conservator bond is commonly required when a court appoints someone to manage the property or financial affairs of a protected person. The requirement may apply to a family member, professional fiduciary, or another court-approved conservator. Whether a bond is required depends on state law and the court order.
Exceptions might be made. Where state law permits, a court may exempt a conservator from providing a surety bond, reduce the amount of security required, or authorize another form of protection.
For example, Minnesota has a process for requesting a reduction or waiver. A conservator appointed to manage property in California normally must provide security, but the California Courts describe a small-estate option with no such requirement. Requirements may also differ where an appointment is for personal care rather than for management of property.
If you have been nominated or appointed, review the signed order and verify the requirement with your local probate court before applying. The court or clerk will tell you if a conservator bond is necessary, the amount, and what language must be written on the form. This can help you avoid using the wrong form or delaying your qualification.
