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What Is A Custodian Bond?

A custodian bond is very similar to a guardianship bond. It is a form of insurance that one purchases after being named custodian of a disabled person or a minor and his or her assets. It insures against any fraud or unethical actions by the custodian. Sometimes, this surety bond is waived by the court.

Before custodians purchase a bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes.

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