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Bonding Requirements for Out-of-State Fiduciaries 1024 682 Patrick J. Thomas Agency

Bonding Requirements for Out-of-State Fiduciaries

  Being named as a fiduciary, whether as an executor, trustee, guardian, or conservator, is an important responsibility. But what happens if you live in one state, and the estate, trust, or protected person you’re managing is in another? This situation is more common than you might think. Families often…

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bookkeeping conservators
Injunction Bonds in Intellectual Property Cases 1024 659 Patrick J. Thomas Agency

Injunction Bonds in Intellectual Property Cases

  When a client’s rights to trademarks, patents, copyrights, or trade secrets are being violated, a court-ordered injunction helps to stop the infringement immediately. But before the injunction can take effect, courts often require something crucial: an injunction bond. What Is an Injunction Bond? An injunction bond (also called a…

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business meeting
A Guide to Bond Renewals for Long-Term Conservatorships 1024 640 Patrick J. Thomas Agency

A Guide to Bond Renewals for Long-Term Conservatorships

  Serving as a conservator is a long-term commitment. Whether you’re managing the finances of an elderly parent, an adult with disabilities, or another protected person, your role continues year after year, and so does your responsibility to remain properly bonded. When a court first appoints a conservator, it typically…

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finances for conservator and guardian
Can a Representative Payee Also Act as Guardian or Conservator? 1000 667 Patrick J. Thomas Agency

Can a Representative Payee Also Act as Guardian or Conservator?

  When someone is unable to manage their own finances or personal affairs, the court or a government agency may appoint another person to help. In some cases, that individual might serve both as a representative payee and a guardian or conservator. If you’ve been asked to take on one…

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Getting Fiduciary Bonds for Co-Trustees or Multiple Executors 1024 682 Patrick J. Thomas Agency

Getting Fiduciary Bonds for Co-Trustees or Multiple Executors

  When a loved one passes away and their estate enters probate, the court may appoint one or more people to handle the estate’s financial and legal affairs. These individuals, known as executors, personal representatives, or trustees, are legally responsible for managing and distributing assets in accordance with the will…

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small business
Creating a Startup? Don’t Forget These Types of Insurance 1000 667 Patrick J. Thomas Agency

Creating a Startup? Don’t Forget These Types of Insurance

Whether you’re building a tech company, opening a brick-and-mortar storefront, or offering professional services, your business is vulnerable to unexpected events from day one. That’s why having the right commercial insurance coverage is essentially a required part of your new business checklist. Protecting your investment, your people, and your future…

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How to Transition Payee Responsibilities if a Payee Resigns or Is Removed 1000 667 Patrick J. Thomas Agency

How to Transition Payee Responsibilities if a Payee Resigns or Is Removed

Being appointed as a representative payee is a significant responsibility. Whether for a minor, an elderly adult, or someone with a disability, a representative payee is legally obligated to manage government benefits from Social Security, Supplemental Security Income (SSI), or the Veterans Affairs (VA). This would be on behalf of…

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caretaker for blind man
Probate Bonds for Guardians of Minor Children or Incapacitated Adults 1000 667 Patrick J. Thomas Agency

Probate Bonds for Guardians of Minor Children or Incapacitated Adults

When a court appoints someone to take legal responsibility for a minor child or an incapacitated adult, it is as much a personal duty as it is a serious legal obligation. Whether that person is managing finances, handling medical decisions, or overseeing day-to-day care, the law requires them to act…

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taking care of the elderly
Do Family Members Acting as Representative Payees Need a Bond? 1000 667 Patrick J. Thomas Agency

Do Family Members Acting as Representative Payees Need a Bond?

When a loved one can no longer manage their own finances due to age, disability, or mental impairment, the court or a government agency may appoint a representative payee to manage their income and benefits. In many cases, that representative payee is a family member. Even when the person handling…

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holding hands
Can You Be Both a Guardian and a Conservator? 1000 667 Patrick J. Thomas Agency

Can You Be Both a Guardian and a Conservator?

When a loved one can no longer care for themselves or manage their own finances, the court may step in to appoint someone to act in their best interest. This often involves assigning a guardian, a conservator, or in some cases, both. If you want to help out a close…

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