When someone is appointed as a guardian, they have to sign a promise backed by money (called a bond) before they can start. The bond amount has to cover at least what the ward's personal property is worth plus any money they expect the ward to receive that year. If the guardian uses regular people (not a company) to back the bond, there must be at least two of those people, and each one has to swear in writing that they own enough property to cover the full bond amount. The court can ask for more security or require a bonding company instead, and the cost comes out of the ward's money.
475.420. Qualifications and of . — 1. Upon the appointment of a guardian, he shall execute and file a bond to be approved by the court in an amount not less than the estimated value of the and anticipated income of the during the ensuing year. The bond shall be in the form and be as required of guardians appointed under the general laws of this state. The court may from time to time require the guardian to file an additional bond.
2. Where a bond is by a guardian with personal , there shall be at least two such sureties and they shall file with the court a which shall describe the property owned, both real and personal, and shall state that each is worth the sum named in the bond as the thereof over and above all his debts and and the of other on which he is or and of property . The court may require additional or may require a , the thereon to be paid from the ward's .
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Source & history notes
(L. 1947 V. I p. 4 § 9)
Related Missouri laws
Notice of petition for appointment
RSMo 475.415
Filing of accounts
RSMo 475.425
Proof of necessity for appointment
RSMo 475.410
Removal for failure to file accounts
RSMo 475.430
Compensation of guardian
RSMo 475.435
Proof of necessity for appointment
RSMo 475.405
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.