Court Bonds
Curator Bond
A guarantee that a curator will fulfil their fiduciary responsibility.
Our Curator Bonds provide financial protection against the risk of curators acting illegally or unethically when managing the affairs of individuals lacking the capacity to do so themselves.
Benefits of a PCBS Curator Bond:
- Increases the Master of the High Court’s confidence that an individual under curatorship’s best interests will be protected.
- Ensures the affected party is compensated if a curator fails to fulfil their fiduciary duty.
Apply for a PCBS Facility or Bond in 2 steps:
1. Download and complete the relevant application form
2. Email the completed form and all supporting documents to tunga@pcbs.co.za and adam@pcbs.co.za
FAQs
What is the main purpose of a Court Bond?
A Court Bond’s main purpose is to ensure that a person appointed to act in a fiduciary capacity performs their duties honestly, competently and according to the law.
When is a Court Bond needed?
Executor Bonds are needed for the administration of estates, Curator Bonds are required when someone is appointed to manage the affairs of individuals incapable of doing so themselves and Trustee Bonds are needed for the administration of settlement funds.
What do Court Bonds cover?
Claims can be made against a Court Bond if the following occur: mismanagement of funds or assets under custodianship, fraud or dishonesty, negligence, or failure to comply with court orders or fiduciary duties.