Alabama Conservator Bond

Alabama Conservator Bond

The State of Alabama requires the person appointed as a conservator to submit a surety bond as protection for the ward (incapacitated person or minor) to ensure they will not lose assets or value of assets. Jet Insurance Company offers the Conservator Bond as a guarantee that you will perform your duties as conservator faithfully and without financial injury to the person whose property you have been entrusted with.

APPLY FOR CONSERVATOR BOND

With Jet, you will be purchasing your Conservator Bond directly from the insurance company that is backing your bond. That means no unnecessary delays during the bond process, allowing you to quickly turn your attention to your duties.

Cost of Alabama Conservator Bonds

The cost of a Conservator Bond largely depends on the bond amount required and the results of a soft credit check. The bond limit is set by the judge of probate, in an amount that is sufficient to protect the value of the estate, based on the ward’s assets. After the credit check and a review of your application, you will receive an approved quote through email.

It may be possible for you to pay for the required Conservator Bond with assets of the estate you have been charged with managing, under Section 36-5-16 of the Code of Alabama.

What Are the Conservator’s Duties?

A conservator is a person who takes care of an estate or assets when a person is not yet of age, or incapacitated by physical or mental illness, substance abuse, or disappearance. As a conservator, you hold the responsibility of performing a variety of administrative duties in the interest of the ward. This includes filing taxes, completing financial records, reporting accounting to the court, and trust management, amongst other duties. When you are carrying out your obligations, you must do so in an ethical manner, avoiding misconduct and fraud that can cause financial damage to the person you are entitled to protect. 

Sometimes a guardian is also appointed but is charged with taking care of the incapacitated person’s welfare. A person acting solely as a conservator needs a bond, whereas a guardian does not. However, if you are taking on duties as both a conservator and a guardian you will need to file a surety bond.

Why Is the Alabama Conservator Bond Required?

Conservator Bonds are required to be held by a person who helps take care of the property and business affairs of someone who is a minor or incapacitated in some way that prevents them from tending to their assets. The bond helps guarantee that the conservator will take care of the ward’s property and protect it from losses while under the conservator’s care. 

If there is reason to believe that the conservator has failed to maintain the integrity and value of the property, the bond will be tapped into to restore the property. A surety company (Jet) is used as a third-party guarantor to the county probate court that assures restitution is immediately available should any financial loss occur under the conservator’s watch, such as mishandling or misappropriating funds. 

Due to the delicate nature of a conservator’s responsibilities, it is recommended to seek legal advice when acting as a conservator.

Who Can Be Appointed as Conservator?

A conservator must be appointed by a court but is typically chosen from the following list of people:

Applying for a Conservator Bond With Jet

We know that fulfilling your conservatorship duties is critical, so we have made the application process simple and efficient. You will be taken through each step, adding in the required information, including a social security number needed for a soft credit check. After submission, your application will be reviewed by a member of Jet’s underwriting team. If any additional information is needed, you will be contacted. 

Once the quote is ready, you will receive an email with the rate that is able to be purchased right away. A digital copy of your bond and receipt will be emailed to you following purchase.

What if I Need to Cancel My Conservator Bond?

You can cancel your bond with Jet by sending a written request; an email to [email protected] is acceptable. Jet will request cancellation with the probate court that holds your bond, but cancellation is not complete until the court releases both you and Jet from liability of Conservator Bond. If you are still the conservator in charge of managing the estate, you will be responsible for supplying a replacement bond for the duration of your appointment. 

The first year of the Conservator Bond is fully earned. A refund may be available for bonds that were purchased for multiple years. Jet will review the remaining time on the bond for any available refund after the cancellation is complete

When Does the Alabama Conservator Bond Obligation End?

The bond of a conservator is required for as long that person is managing the estate of the ward. Before the conservatorship is over, you must file a petition with the probate court under which your obligation stands. The court will conclude the conservatorship and release the liability of you and the surety company (Jet) under the bond. The circumstances which would constitute the ending of a conservatorship are found in the Code of Alabama, 1975 Section 36-5-7:

How Does an Alabama Conservator Avoid Bond Claims?

A conservator is charged with managing and protecting the value of property and assets of a minor or person who is incapacitated. One of the most important actions of a conservator is keeping accurate records of all financial activity taken as proof against allegations of misconduct and fraud. Examples of misconduct are illegitimate disbursements, withholding funds that exceed reasonable compensation, maliciously managing the property, or failing to fulfill required tax payments. The full obligations of a conservator can be found in Title 26 of the Code of Alabama. 

If there is a complaint against the conservator, it will be made known to the probate court that is in charge of the appointment. Resolving the complaint right away through corrective actions will avoid a claim on the bond. Accurate records can be used to counter any claims of misconduct or fraud during an investigation.

What Happens if I Get a Conservator Bond Claim?

If you receive a claim against your Conservator Bond, make sure you contact Jet right away. An investigation will begin with Jet collecting evidence from the person filing the claim and any evidence you can provide of your innocence. If it is found to be valid, Jet must pay out the claim in an amount that corrects the damage, up to the full limit of the bond. You are responsible for paying Jet back in the claim payout amount as well as any legal or attorney fees.

How Does the Conservator Bond Get on File?

When you are purchasing your Conservator Bond, you will be able to choose if you would like Jet to file the bond electronically or submit the physical copy yourself. As there are many probate courts with which the bond can be filed, you may need to follow their instructions for filing the bond.

The chart below shows the mailing addresses of the probate courts in Alabama; you must mail your bond to the appropriate county court.

County CourthousePhoneMailing Address
Autauga(334) 361-3728176 W Fifth Street
Prattville, Alabama, 36067
Baldwin(251) 937-0260208 Courthouse Square
Bay Minette, Alabama, 36507
Barbour(334) 687-1530PO Box 758
Eufaula, Alabama, 36072
Bibb(205) 926-31088 Court Sq W, Suite A
Centreville, Alabama, 35042
Blount(205) 625-4191220 Second Ave E, Room 101
Oneonta, Alabama, 35121
Bullock(334) 738-2250PO Box 71
Union Springs, Alabama, 36089
Butler(334) 382-3512PO Box 756
Greenville, Alabama, 36037
Calhoun(256) 241-28251702 Noble Street, Suite 102
Anniston, Alabama, 36202
Chambers(334) 864-43802 South Lafayette St.
Lafayette, Alabama, 36862
Cherokee(256) 927-3363260 Cedar Bluff Road, Suite 101
Centre, Alabama, 35960
Chilton(205) 755-1555PO Box 270
Clanton, Alabama, 35045
Choctaw(205) 459-2414117 South Mulberry
Butler, Alabama, 36904-2557
Clarke(251) 275-3251PO Box 10
Grove Hill, Alabama, 36451
Clay(256) 354-2198PO Box 1120
Ashland, Alabama, 36251
Cleburne(256) 463-5655120 Vickery Street, Room 101
Heflin, Alabama, 36264
Coffee(334) 897-2211PO Box 311247
Enterprise, Alabama, 36331
Colbert(256) 386-8542PO Box 47
Tuscumbia, Alabama, 35674
Conecuh(251) 578-1221PO Box 149
Evergreen, Alabama, 36401
Coosa(256) 377-4919PO Box 218
Rockford, Alabama, 35136
Covington(334) 428-2510PO Box 789
Andalusia, Alabama, 36420
Crenshaw(334) 335-6568 Ext. 226PO Box 328
Luverne, Alabama, 36049
Cullman(256) 775-4665PO Box 970
Cullman, Alabama, 35056
Dale(334) 774-2754PO Box 580
Ozark, Alabama, 36361
Dallas(334) 876-4830PO Box 987
Selma, Alabama, 36702
DeKalb(256) 845-8510300 Grand Avenue SW, Ste 100
Fort Payne, Alabama, 35967
Elmore(334) 567-1140PO Box 280
Wetumpka, Alabama, 36092
Escambia(251) 867-0297PO Box 557
Brewton, Alabama, 36427
Etowah(256) 549-5342PO Box 187
Gadsden, Alabama, 35902
Fayette(205) 932-4519PO Box 670
Fayette, Alabama, 35555
Franklin(256) 332-8801PO Box 70
Russellville, Alabama, 35653
Geneva(334) 684-5640PO Box 430
Geneva, Alabama, 36340
Greene(205) 372-3340PO Box 790
Eutaw, Alabama, 35462
Hale(334) 624-87401001 Main St.
Greensboro, Alabama, 36744
Henry(334) 585-3257101 Courtsquare, Suite A
Abbeville, Alabama, 36310
Houston(334) 677-4792PO Box 6406
Dothan, Alabama, 36302
Jackson(256) 574-9290PO Box 128
Scottsboro, Alabama, 35768
Jefferson(205) 325-5426716 Richard Arrington, Jr. Blvd
Birmingham, Alabama, 35203
Lamar(205) 695-9119PO Box 338
Vernon, Alabama, 35592
Lauderdale(256) 760-5804PO Box 1059
Florence, Alabama, 35631
Lawrence(256) 974-2439P.O. Box 310
Moulton, Alabama, 35650
Lee(334) 745-9761PO Box 2266
Opelika, Alabama, 36803
Limestone(256) 233-6427100 South Clinton Street, Suite D
Athens, Alabama, 35611
Lowndes(334) 548-2365PO Box 5
Hayneville, Alabama, 36040
Macon(334) 724-2611101 East Rosa Parks Ave, Suite 101
Tuskegee, Alabama, 36083
Madison(256) 532-3330100 North Side Square, Room 101
Huntsville, Alabama, 35801
Marengo(334) 295-2210PO Box 480668
Linden, Alabama, 36748
Marion(205) 921-2471PO Box 1687
Hamilton, Alabama, 35570
Marshall(256) 571-7764425 Gunter Ave, Suite 110
Guntersville, Alabama, 35976
Mobile(251) 574-6000PO Box 7
Mobile, Alabama, 36601
Monroe(251) 743-4107PO Box 665
Monroeville, Alabama, 36461
Montgomery(334) 832-1240PO Box 223
Montgomery, Alabama, 36101
Morgan(256) 351-4675PO Box 848
Decatur, Alabama, 35602
Perry(334) 683-2210PO Box 478
Marion, Alabama, 36756
Pickens(205) 367-2010PO Box 370
Carrollton, Alabama, 35447
Pike(334) 566-1246120 W. Church Street
Troy, Alabama, 36081
Randolph(256) 357-4933PO Box 249
Wedowee, Alabama, 36278
Russell(334) 298-7979PO Box 700
Phenix City, Alabama, 36868
Shelby(205) 669-3710PO Box 825
Columbiana, Alabama, 35051
St. Clair(205) 594-2120PO Box 220
Ashville, Alabama, 35953
Sumter(205) 652-7281PO Box 1040
Livingston, Alabama, 35470
Talladega(256) 362-4175PO Box 737
Talladega, Alabama, 35161
Tallapoosa(256) 825-4266125 N Broadnax Street, Room 126
Dadeville, Alabama, 36853
Tuscaloosa(205) 349-3870PO Box 20067
Tuscaloosa, Alabama, 35402
Walker(205) 384-7284PO Box 502
Jasper, Alabama, 35502
Washington(251) 847-2201PO Box 549
Chatom, Alabama, 36518
Wilcox(334) 682-4883PO Box 668
Camden, Alabama, 36726
Winston(205) 489-5219PO Box 27
Double Springs, Alabama, 35553
Alabama Probate Courts

Alabama Conservator Bond Form

Notary Bond Application:

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: