The Illinois Oath & Bond of Representative is a document that must be completed and signed by a representative in order to act as a fiduciary on behalf of another person or entity. It is an agreement between the representative and the person they are representing. The document includes a sworn statement of loyalty to the principal, a promise to act in their best interests and to faithfully follow all instructions given to them. The document also includes a bond that is usually provided by a surety company in order to financially protect the principal if the representative fails to fulfill their duties. The Illinois Oath & Bond of Representative comes in two main types: a Representative Payee Bond and a Tax Representation Bond. The Representative Payee Bond is required when a representative is appointed to manage the finances of an individual or entity who is incapable of managing their own funds. The Tax Representation Bond is required when the representative is appointed to act as the taxpayer's agent in the preparation and filing of their taxes.