ANDERSEN PLLC Andersen PLLCAttorneys
Call 480-900-3539 For a free consultation

Advocating For Your Interests. Preserving Your Legacy.

What is involved in obtaining a conservator surety bond?

If you seek appointment as a conservator for a minor or a disabled or elderly person, the court will require you to post a conservator surety bond, sometimes called a guardianship bond. The purpose is to ensure you will not mismanage your ward’s assets once you gain control of them.

In the state of Arizona, the posting of a surety bond is an important step in the legal requirements surrounding conservatorships, and an attorney experienced with such matters will be able to guide you through the process.

Bond basics

Three parties are involved when a conservator surety bond is required: the person who purchases the bond to ensure she or he will manage the ward’s assets properly is known as the principal, the person who requires the bond is the obligee and the party who underwrites and issues the bond is known as the surety.

The process

The process of becoming a conservator begins with the filing of a petition for appointment with the court, after which there will be an investigation into the case and notification to interested parties, such as relatives of the ward. Next, the court holds a hearing, during which the judge will likely require the bond to be posted. In Arizona, the conservator surety bond will be equal to the value of your ward’s assets and annual income. Finally, once you are appointed as conservator, you will have to attend mandatory training to assume your duties.

Costs involved

The cost of a conservator bond is normally a percentage of the assets under protection, and it is paid annually. There may also be upfront costs such as filing and attorney’s fees. These costs are usually paid from the ward’s assets.

Additional considerations

In the process of becoming a conservator, you will likely have to present the court with a personal financial statement, credit history and other information to show you are well-qualified to carry out your responsibilities. Obtaining a conservator surety bond, albeit a requirement, is one way to prove your commitment to the job ahead.


No Comments

Leave a comment
Comment Information
Email us for a response

Send Your Information

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

17015 N. Scottsdale Road, Suite 225
Scottsdale, AZ 85255

Phone: 480-900-3539
Fax: 480-265-9101
Scottsdale Law Office Map