A new bill was activated in Minnesota regarding conservators of an estate. The new bill is titled HB 804 and requires conservators of an estate to obtain a surety bond for any proceeding; only if the worth of the personal possessions of the estate in the original inventory is anticipated to be at least $10,000. The pervious law only called for a surety bond when the proposed protected individual petitioned the court to require a bond. HB 804 will pertain to conservators appointed after August 1st, 2009.
Eric is the Webmaster of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.