The cost of a guardianship surety bond, in nearly ever case, will be dependent on your personal credit score. This makes the cost custom based on you and your specific situation.
First let very quickly define the surety.
The surety is the insurance company that will underwrite a guardianship surety bond.
Every situation when taking responsibility for a minor is different.
These factors will play a role in determining if a surety bond is required, but the only one that will determine the cost of your surety bond is the amount of financial inheritance.
Remember, the guardianship bond protects a minor in the event their guardian steals money from their inheritance.
This surety bond is a tool to hold the guardian accountable to their duties as a legal guardian.
If the minor has substantial financial assets left to them, that will be under your control, the surety will likely require a personal credit check.
This is the only measure of trust the surety has to assess you by.
And having helped thousands of individuals purchase their guardian bond, we've see the personal credit floor is 600.
So if your personal credit is below 600, you will likely not be able to obtain your bond.
However, this is rare. If it does happen the judge will work out a situation or replace you with a new appointed guardian.
From your credit score the surety will determine a rate they are comfortable with. This tends to be between 1% to 3% in most cases.
But it can vary wildly from surety to surety.
This is why we price shop for you to find the lowest price.
To get your low and high price estimate just multiple the bond amount you're required to get by the court by 1% for the low end and 3% for the higher end estimate.
But you can get your actual price by filling out our quote form or calling us today at 1-800-608-9950.
It costs you nothing to have us price shop for you and you'll get an exact price so you can move your legal proceeding along.
You can get pricing for your Guradianship surety bond. Click the button below. You need to know the amount of your bond.
Talk to a bond specialist today. They will help you find the surety bond you need and get you the lowest possible price. 1-800-608-9950
We'll discuss the basics of guardianship bonds, including what a guardianship bond is, why many courts require guardianship bonds, and how much you can expect to pay when applying for a guardianship bond.
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