Conservatorship Bond Calculator For Windows 10

State:
Multi-State
Control #:
US-Q1007
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties in a conservatorship matter. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorney’s case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new client’s needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


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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.

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Conservatorship Bond Calculator For Windows 10