Judicial Bonds
Guardian Bond
Bond securing faithful performance by a court-appointed guardian of a minor or incapacitated person.
Overview
A guardian bond protects the ward's property and interests by securing the guardian's faithful performance of duties under the court's supervision.
The amount is fixed by the court based on the value of the property under guardianship.
Purpose
- Secures proper handling of the ward's property.
- Assures the court of accountability and reporting.
- Protects the ward from mismanagement or loss.
Typical uses
- Guardianship of a minor's inheritance
- Guardianship over an incapacitated adult
- Management of settlement proceeds for a ward
Who normally requires it
- Court-appointed guardians
- Family members petitioning for guardianship
- Counsel handling guardianship proceedings
Parties involved
- Principal — the litigant, appellant, or court-appointed fiduciary
- Obligee — the adverse party, the estate, or the court requiring the bond
- Surety — the insurance company accredited to issue judicial bonds
Typical documentary requirements
- Accomplished bond application form with obligee and transaction details
- SEC or DTI registration, Articles of Incorporation, or business permit
- BIR Certificate of Registration and latest filed tax return
- Audited financial statements for the last two to three years
- Valid government IDs of signatories and board or partnership authority
- Court order appointing the guardian and fixing the bond
- Inventory of the ward's property, where available
Final requirements depend on the obligee and the issuing insurance company. See the full requirements guide.
Typical application process
Step 1
Submit the application
Open an application in your SuretyPH portal and enter the obligee, transaction, and bond details.
Step 2
Upload requirements
Follow the guided checklist and upload each document securely to your application file.
Step 3
Pre-assessment
We review the file for completeness and endorse it to an authorized issuing insurance company.
Step 4
Quotation
The insurer evaluates the submission and issues a quotation covering premium, fees, and any collateral requirement.
Step 5
Payment and issuance
Once the quotation is accepted and the premium is settled, the insurer issues the bond for release or delivery.
Risks typically covered
- Misappropriation of the ward's property
- Failure to render accounting to the court
- Loss caused by breach of fiduciary duty
Frequently asked questions
Is the bond annual?
It usually remains in force while the guardianship subsists, subject to periodic renewal of premium.
Who can be a guardian?
That is determined by the court. The bond follows the appointment.
More answers on premiums, collateral, and timelines are in the general FAQs.
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SuretyPH is a digital platform for surety bond information, inquiries, requirements and request tracking. It does not underwrite, approve, bind, issue, or guarantee any insurance policy or surety bond. Evaluation, underwriting, approval, pricing and issuance are undertaken by the applicable licensed insurance company.