Guardianship and conservatorship are special legal relationships between a responsible adult who is designted as a guardian or conservator and either a child or incapacitated adult (the ward). This relationship is created by an Order of the Probate Court which carefully oversees the relationship and ensures that any money spent is strictly reviewed.
A guardianship is created for the person (a minor or incapacitated adult) while a conservatorship is for the property. This sometimes requires two seperate legal actions but the guardian and conservator can be the same responsible adult. Letters of Guardianship and Letters of Conservatorship are issued by the Court to the person appointed.
The guardian and conservator must take and sign an oath to comply with all of the requirements of Georgia law applicable to guardians. The Court may require a guardian to post a surety bond. Every conservator is required to post a surety bond with the Court. Not every responsible adult qualifies for a bond.
The premium for the bond is payable from the child or incapacitated adult's funds (estate) as an administration expense.