Now that HB 7985, SB 2743 and SB 2755 have been enacted in Rhode Island, state courts are given the discretion to waive the surety bond (fiduciary bond) requirement for a guardian of an estate, regardless of the monetary value of the estate in question. Prior to this enactment, previous state law mandated that a surety bond be obtained for any guardian of an estate valued in excess of $10,000.