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 Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.