West Virginia Bond for Minor Guardian Appointment (Surety Bond Form) is a legal document that is required in the state of West Virginia when an individual is appointed as guardian of a minor. This bond guarantees that the guardian will abide by the state laws and regulations in regard to the management of the minor’s estate and that the guardian will act in the best interest of the minor. The bond is in place to protect the minor’s estate by ensuring that the guardian will not mismanage the minor’s funds or assets or act in a manner that is not in the best interest of the minor. There are two types of West Virginia Bond for Minor Guardian Appointment (Surety Bond Form): a Court Bond and an Administration Bond. A Court Bond is a bond that must be filed with the West Virginia Circuit Court when the guardian is appointed. An Administration Bond is required for guardians who are appointed by the court and have the authority to manage the minor’s estate.
West Virginia Bond for Minor Guardian Appointment(Surety Bond Form)
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FAQ
The premium that a principal will pay for a guardianship bond is a percentage of the required bond coverage amount. Typically, this will be 0.5 to 1 percent of the bond amount. However, many factors can affect the premium that a principal pays for a guardianship bond.
As guardian you are responsible for making decisions and providing for the protected person's care and well-being. You must decide where and how the person will reside, and make sure that he or she obtains the necessary health care and therapeutic treatment.
West Virginia Legislators have made a few changes to custody law that started on June 10, 2022. In cases dealing with custody, the Family Court now has a presumption, or belief, that there should be 50/50 shared equal custody between parents. This means Judges will equally split custody 50/50 between parents.
A Permanency Option. Legal guardianship is a judicially created relationship between a child and responsible adult in which the guardian assumes many of the rights and responsibilities that customarily would reside with the child's parents.
The temporary guardian has the authority of a guardian appointed pursuant to subsection (f) but the duration of the temporary guardianship may not exceed six months.
Guardianship does not end a parent's rights to their child forever. Instead, allows someone else to make decisions regarding the child's care and well-being during the guardianship.
Legal guardianship means a court grants someone other than a biological parent the right to care for a minor. Custody (most often) generally describes a parent caring for his or her own child. Guardianship does not always grant custody or definitively mean a biological parent's custody is revoked.
