Conservatorship Bond Calculator For Windows 10
Description
How to fill out Conservatorship Questionnaire?
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FAQ
2320. (a) Except as otherwise provided by statute, every person appointed as guardian or conservator shall, before letters are issued, give a bond approved by the court.
Massachusetts General Law 5-410 dictates that the bond must be in an amount determined by the court and will typically be in an amount equal to the value of the estate's real property and personal property that is in the conservator's control.
A conservatorship of a minor child unless otherwise stated ends when that child turns 18, and for an adult, it will terminate when the adult reaches mental capacity or they die.
Massachusetts surety bond costs primarily depend on your personal credit score and the type of bond for which you've applied. Those individuals with excellent credit should expect an annual premium of 1-3% of the bond amount. Those individuals with bad credit can expect an annual premium of 4-15% of the bond amount.
Surety companies in California generally charge probate bonds within the range of 0.5% to 0.8% of the total bond amount needed. For instance, for an estate valued at $250,000, the probate bond premium might range from $1,250 to $2,000 to secure.