Ill. R. Cir. Ct. Lake Cnty. 5-3.03

As amended through September 23, 2024

Rule 5-3.03 - Excuse of Surety on Guardian's Bond in Cash Deposits

A. When the funds of a ward's estate, derived from any source, are to be deposited pursuant to Section 24-21 of the Probate Act, the Court may waive the filing of a bond by the entry of an Order which authorizes the deposit and which requires:

1. that a distribution to the ward's estate be made payable jointly to the guardian, if any, and the depository, and

2. that the receipt certified by the depository be filed. The receipt shall be executed by an authorized agent of the depository and shall certify that no withdrawals may be made without Court approval.

B. If a representative of the ward's estate has been appointed, the filing of the receipt of the depository, as prescribed herein, may be considered a final account, whereupon the Court may release the representative and the sureties on his bond. The case shall thereafter be designated closed by the Clerk of the Circuit Court.

Ill. R. Cir. Ct. Lake Cnty. 5-3.03

Amended effective 12/31/2017.