Guardianship bonds are required in every state, though the terminology sometimes differs. For instance, some states use the term “custodianship” or “conservatorship” instead of “guardianship” when the ward is an incapacitated adult rather than a minor.
Sometimes, the guardian for a minor may have been chosen by the parents and named in their will, then confirmed by a probate court. In other cases, the parent(s) may be living but deemed not capable of managing the child’s assets and income. Whatever the situation may be, the court determines if and when a guardianship bond is required.
