I am really interested in reading the Guardian Bonds, but in the back of my mind is the question of what EXACTLY are guardian bonds? I have read them many times in my own reseearch and interpret this to mean that one or both parents have died and the "orphan" is put in the care of a designated "guardian". Who determines the appointed guardian, etc. etc.? Thanks for the time. Estelle
The following is from my book of Abstracts of the Loudoun Co. Guardian Books: Guardians were appointed for individuals, usually minors, who had inherited money or who were orphaned. The Guardian was to monitor and control the spending of funds in providing the necessities of the individual's lifestyle while maintaining the funds principal. In the early years, Guardians were required to periodically present the Court with an accounting of income and expenditures. In later years these presentations were requested every year. Proper receipts and vouchers were required and the Guardian was usually compensated for his troubles with a small commission. Children 14 years or older were allowed to choose their Guardian, while a Guardian was court appointed for younger minor. The term orphan usually referred to a minor whose father had died. A parent was often chosen as a Guardian for a minor who had inherited moneys, etc. from another individual, often a grandparent. Children were bound out by the Overseers of the Poor when the parent could not longer provide for the child or when the child had lost both parents. The Court Order Books recorded the appointing of Guardians, the choosing of Guardians, and the binding out of children. Fauquier and Loudoun Co. also maintained Guardian Account books which recorded the accounts presented to the court by the Guardian. Pat Duncan [email protected] ----- Original Message ----- From: "E&B Gordon" <[email protected]> To: <[email protected]> Sent: Saturday, December 29, 2007 4:31 PM Subject: [VAFAUQUI] Guardian Bonds > I am really interested in reading the Guardian Bonds, but in the back of > my > mind is the question of what EXACTLY are guardian bonds? I have read > them > many times in my own reseearch and interpret this to mean that one or both > parents have died and the "orphan" is put in the care of a designated > "guardian". Who determines the appointed guardian, etc. etc.? > > Thanks for the time. > Estelle