Sample Petition For Guardianship Philippines
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FAQ
Where to file the bond; action thereon. ? The bond posted by a guardian shall be filed in the Family Court and, In case of breach of any of its conditions, the guardian may be prosecuted in the same proceeding for the benefit of the ward or of any other person legally interested in the property.
A Guardian's Bond if the market value of the property of the minor exceeds Five Hundred Thousand Pesos (Ps 500,000.00) per Section 182 of the Revised Insurance Code. This Guardian's Bond is determined by the Court and shall not be less that Ten Percent (10%) of the market value of the minor's property.
Guardianship bonds, sometimes also referred to as a custodian, trustee or conservatorship bond, are a type among the general classification of court bonds and are a requirement of courts in situations where some person has been appointed as the representative of another individual.
Who Pays for a Guardianship Bond? The guardian typically pays the cost of a guardianship bond, which includes the premium (a percentage of the bond amount). This cost is considered to be part of the guardian's responsibilities to their ward.
A petition for guardianship may be filed in the Family Court of the province or city where the minor actually resides. If he resides in a foreign country, the petition shall be filed with the Family Court of the province or city where his property or any part thereof is situated.
