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Guardianship Bond

Budget Planner Bond

Any person or entity engaged in the business of budget planning in New York (which must be a charitable or not-for-profit corporation). Required when: Required as a condition precedent to the issuance of a license to operate as a budget planner. Exemptions: Attorneys licensed in New York State are exempt from the lice…

Overview

What it is.

Any person or entity engaged in the business of budget planning in New York (which must be a charitable or not-for-profit corporation). Required when: Required as a condition precedent to the issuance of a license to operate as a budget planner. Exemptions: Attorneys licensed in New York State are exempt from the lice…

Who usually needs it

Any person or entity engaged in the business of budget planning in New York (which must be a charitable or not-for-profit corporation).

Pricing & timing

What to expect.

Generic pricing

Guardianship bonds protect the interests of minors or incapacitated persons under court-appointed guardianship. Pricing Information:. Court bonds are reviewed case-by-case and must be approved before pricing can be provided. • Bond amount: Set by the court based on the ward's assets. • What affects pricing: Asset value, type of guardianship, credit and financial strength. • Collateral: May be required depending on asset value. • Ongoing requirement: Many guardianship bond…

Typical timeframe

Probate/fiduciary application — typically 3–5 business days

Application

What to do next.

  1. Tell us the bond name, state, and amount on your form.
  2. Share business and applicant info so the team can quote it.
  3. Sign and pay; we issue the bond and send you the documents.
  4. Keep your effective date and renewal date on file with us.
Start the application.

You are on the exact bond page. The next step is to start the quick application.

Details

Bond details.

StateNY
Bond amount$250,000
Term lengthContinuous
ObligeeNew York State Department of Financial Services
RenewalThe bond remains in full force and effect indefinitely unless the surety elects to cancel it by filing a written notice with the Superintendent at least 10 days prior to the cancellation date. The license itself is main…
Bond classGuardianship Bond
CategoryFinancial Services
BondBudget Planner Bond
Statutory referenceNew York Banking Law § 580
JurisdictionState
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Next step

Ready to move forward?

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