This Guardianship Bond, a type of Probate Bond, guarantees faithful performance of duty by a fiduciary appointed by the court to administer the estate of a minor or incompetent person. The Guardianship Bond is synonymous with the Custodian Bond.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Guardianship of a Minor Court Bond holds you accountable for your decisions.
By possessing a Guardianship of a Minor Court Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your decisions.