![]() ![]() The amount of the bond varies depending upon the value of the Florida Guardianship Estate. You should consult an experienced and knowledgeable Florida Guardianship Attorney to assist and advise you regarding these issues. In the event the surety company (bonding agency) is forced to make a payout on a bond claim, the Guardian is responsible for repaying the surety company for any monies that they payout. For example, if a Florida Guardian utilizes the Ward’s checking account to pay the Guardian’s personal bills, or diverts money from the Guardianship to the Guardian’s own personal account, a claim can be made against the bond to recoup or replace the loss for the Ward. In the event the Florida Guardian fails to perform their fiduciary duty honestly and ethically, a claim may be made against the Florida Guardianship Bond. ![]() However, instead of protecting the Florida Guardian, bonds are designated to protect the person and the assets for whom the Guardian is responsible for, the Ward. Florida Guardianship Bonds are very similar to insurance. A Florida Guardianship Bond is critical in those situations when a court-appointed individual Guardian does not perform and fulfill their obligations to act responsibly and make the appropriate decisions regarding both the personal and property rights of the Ward.įlorida Courts require that all Guardians in the state of Florida carry a bond to protect the Ward (the incapacitated person) and their estate from any wrongdoing by the Florida Guardian. ![]()
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