Who has the authority to waive a bond on behalf of a ward or protected person?

The authority to waive a bond on behalf of a ward or protected person specifically lies with a duly appointed guardian or conservator. This is because guardians or conservators are legally entrusted with the care and financial management of individuals who are unable to manage their own affairs due to age or incapacitating conditions.

In situations involving wards or protected persons, a bond serves as a financial guarantee and protects their interests. However, a guardian or conservator has the legal standing to assess the specific needs and circumstances of the ward. This allows them to make informed decisions about whether requiring a bond is necessary or if it can be waived, based on their understanding of the ward’s situation.

Trust companies and personal representatives have defined roles, but they do not hold the same level of authority specifically concerning the direct care and representation of a ward or protected person in the same manner as a guardian or conservator. Additionally, while relatives may have an interest in the welfare of the ward, they do not possess the legal authority to make decisions or waive requirements like a guardian or conservator does.