Before the appointment of any guardian for the estate of a minor, the person seeking appointment shall, in the court or before the clerk, take an oath that he will faithfully perform the duties of his office to the best of his judgment and give his bond in an amount at least equal to the value of the minor's personal estate coming under his control.
Every guardian for the estate of a minor shall provide surety upon his bond unless it is waived pursuant to § 26-4 or, in the case of a testamentary guardian, the testator's will waives surety; however, the court or clerk, on its or his own motion or the motion of another, may at any time, require surety upon a guardian's bond. Every order appointing a guardian shall state whether or not surety is required.
When the same guardian qualifies upon the estate of two or more wards who are members of the same family, only one qualification and one guardianship bond shall be required.
(Code 1919, § 5318; 1926, p. 589; 1928, p. 1085; 1954, c. 398; 1995, c. 225; 1999, c. 16.)
Twenty years of experience providing estate and tax planning services to clients in the western suburbs of Chicago. Member, National Academy of Elder Law Attorney.
Western Springs, Illinois
Chicago, Illinois
Practice Areas: Wills and Estates, Real Estate, Guardianships, Premarital Agreements
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