KRS 387.070: Bonding of guardian or conservator.

(1) Except as provided in subsections (2) and (3) of this section, no guardian or

conservator shall act until the guardian or conservator has been appointed by the

proper District Court, and given bond to the Commonwealth of Kentucky with good

surety, either c orporate or personal, approved by the District Court to faithfully

discharge the trust of guardian or conservator. The bond shall be carefully kept by

the clerk of the District Court in a book to be provided for that purpose.

(2) A limited guardian shall b e exempt from the requirements of subsection (1) of this

section.

(3) (a) If the person or entity appointed by the District Court as guardian or

conservator is a person or entity nominated pursuant to KRS 387.040, and the

will of the parent making the nomination requests no surety on the bond of the

guardian or conservator, no surety shall be required on the bond, unless the

District Court deems it imprudent to dispense with surety because of a change

of circumstances since the will was made or for other good cause.

(b) If the District Court directs that the assets of a ward's estate be deposited in a

restricted account as set out in KRS 387.122, the guardian or conservator shall

be exempt from giving surety on his or her bond.

(4) No master or other commiss ioner whose duty it is to settle the accounts of a

guardian or conservator, nor judge or clerk of a court, or practicing attorney, shall

be accepted as surety on the bond of a guardian or conservator.