A Conservator or Conservatorship Bond is a Bond on behalf of a person who has been declared by the court as incompetent and incapable of managing his or her own affairs. The Bond guarantees that the committee will faithfully discharge the trust delegated to him and he will obey all instructions of the court and account for all properties, whenever the court requires.
An Executor is the person named in a will, who is responsible for managing and distributing the estate of someone who has died. The Executor Bond ensures that the Executor fulfills all duties faithfully and completely. This Bond protects against possible fraud or embezzlement by the executor.
Personal Representative Bonds guarantee faithful performance of duties whereby the appointed fiduciary takes possession of decedent’s property; inventories and arranges appraisals on assets for sale; collects debts due estate; pays all debts and claims against estate; and distributes all remaining estate assets according to terms of will/state law.
An Administrator is a person appointed by a court to manage and distribute the estate of someone who has died without a will. The Administrator Bond ensures that the Administrator will faithfully and diligently administer the assets involved in litigation. The Bond protects against possible fraud or embezzlement by the Administrator.
A Guardian is a person appointed by the court to manage, preserve, invest and reinvest the property of a minor until the ward reaches legal age. The Guardian must account to the court on an annual basis.
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South Carolina Trustee of Appointed Persons for Veterans
This Bond ensures the Trustee, or appointed persons, for Veterans or incompetent members of the Armed Services, shall perform faithfully all duties and such Federal Fiduciary according to the law.
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