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Guardianship Bond

Washington Nursing Home/Patient Trust Bond

This bond is required for nursing homes in Washington State that handle money or property belonging to their patients. When patients entrust their personal funds to the facility for safekeeping, this bond protects them if the nursing home misuses or steals that money. It acts as a financial guarantee that patients wil…

Overview

What it is.

This bond is required for nursing homes in Washington State that handle money or property belonging to their patients. When patients entrust their personal funds to the facility for safekeeping, this bond protects them if the nursing home misuses or steals that money. It acts as a financial guarantee that patients wil…

Who usually needs it

Nursing facilities (nursing homes) in Washington that provide 24-hour nursing care to three or more residents, manage residents' personal funds in trust accounts, and seek Medicaid certification must obtain this bond. The bond amount must be greater than or equal to all resident funds held by the facility at any time, and it ensures faithful safeguarding an…

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.

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Details

Bond details.

StateWA
Bond amountVaries by license type or project
ObligeeState of Washington
Bond classGuardianship Bond
CategoryHealthcare
BondWashington Nursing Home/Patient Trust Bond
JurisdictionState
Plain descriptionThis bond is required for nursing homes in Washington State that handle money or property belonging to their patients. When patients entrust their personal funds to the facility for safekeeping, this bond protects them …
Who needs this bondNursing facilities (nursing homes) in Washington that provide 24-hour nursing care to three or more residents, manage residents' personal funds in trust accounts, and seek Medicaid certification must obtain this bond. T…
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Next step

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