Resources

protect will and estate
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How to Protect Your Estate From Mismanagement

While setting up your estate is important, protecting it is even more crucial. Without proper protection your estate can be exposed to fraud and mismanagement. These issues are common and can end up eating away at the assets of your estate through litigation in court.   There are many ways…

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protection
1024 768 Patrick J. Thomas Agency

How to Protect Your Estate From Mismanagement

While setting up your estate is important, protecting it is even more crucial. Without proper protection your estate can be exposed to fraud and mismanagement. These issues are common and can end up eating away at the assets of your estate through litigation in court.   There are many ways…

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i agree
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The Duties and Responsibilities of a Trustee

If you have been named a trustee, a great amount of responsibility has been placed upon your shoulders. Being named as a trustee means that the person who owns the trust, often known as the grantor or trustor, has placed the future administration of his or her assets (property, finances,…

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caution
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The Dangers of the Power of Attorney

Granting Power of Attorney to someone (an agent) is not an easy decision. That is because you are trusting them with your financial or medical decisions, and essentially your personal wellbeing. When an agent has a Power of Attorney over someone, they are responsible for day-to-day financial responsibilities like paying…

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vehicle parking lot
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How to Obtain a Bond if Your Vehicle Title is Lost, Damaged or Stolen

In Minnesota, all vehicle owners are required by the Department of Motor Vehicles (DMV) to have a vehicle title. Unfortunately, vehicle titles can become lost, stolen or damaged to the point where they are unreadable. If this happens, drivers will have to submit an application with the Minnesota DMV to…

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conservator audit
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How to Prepare for a Conservator Audit

Most conservators in Minnesota will inevitably have to prepare for their first conservator audit. The Conservator Account Auditing Program (CAAP) occasionally does these audits to ensure that conservators are properly using the funds that are given to them, and to see that no abuse or fraud is being committed. CAAP…

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representative payee form
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How to Become a Representative Payee

Applying to become a representative payee is an easy process no matter which state you live in. There are a few applications to fill out and laws to follow, but the process can be completed as long as you know what forms to complete and where to send them. What…

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commercial insurance being drafted
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Surety Bonds 101

WHAT IS SURETY? Surety is a special line of insurance that is used to guarantee the performance of an obligation of another party. Surety bonds are used to provide monetary compensation in case the principal fails to perform the promised obligation. Unlike traditional insurance coverage, the risk remains with the…

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