Administration and Guardian Bonds One of the most unpredictable things in life is the loss of a loved one.In NJ, when a loved one dies without a valid will (or their will may have certain stipulations), a probate or fiduciary bond may be required by the court.These bonds are designed to protect against loss due to the failure of an administrator or guardian to perform his or her obligations.Administration BondsWhen someone is appointed as the administrator of an estate, he or she is expected to act ethically and morally; however, this isn’t always the case. An administration bond ensures that the administrator of the estate will act within the scope of the law. It protects the heirs and creditors against acts of fraud or dishonesty. In order to obtain a bond, administrators must complete and application and undergo a credit check to determine their eligibility.Guardianship BondsGuardianship bonds insure the ethical behavior of anyone in control of another person’s finances or well-being. This type of bond ensures that the best interests of the cared-for party are taken into consideration and that court orders are followed. Legal guardians have many responsibilities, but the most important one is act morally and within the scope of the law.With over 100 years of experience, our agents offer in-depth industry knowledge and provide guidance and support throughout the bonding process. In addition to court bonds, there are many other types of surety and fiduciary bonds. Contact us at K Weidel Insurance for additional information on the bonding process and associated costs at 609-599-2588 for additional information.