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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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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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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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What’s the Difference Between Administrator Bonds and Executor Bond? 1000 667 Patrick J. Thomas Agency

What’s the Difference Between Administrator Bonds and Executor Bond?

When someone passes away, managing their estate often involves more than just following the instructions in a will. Whether a will exists or not, someone must step in to manage the financial affairs of the deceased. This person may be required by the court to secure an administrator bond or…

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Using Certiorari Bonds in the Legal Appeals Process 1000 667 Patrick J. Thomas Agency

Using Certiorari Bonds in the Legal Appeals Process

The legal process doesn’t always end with a trial verdict. When a party believes that a lower court made a legal error, they may pursue an appeal to a higher court. In some cases, this process involves filing a writ of certiorari, a formal request asking an appellate court to…

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Understanding Probate Bond Duration and Renewals 1000 667 Patrick J. Thomas Agency

Understanding Probate Bond Duration and Renewals

When you’re appointed as a personal representative, executor, or administrator of an estate, one of your first responsibilities may include securing a probate bond. This type of surety bond ensures that you’ll carry out your fiduciary duties in accordance with the law and protects the estate’s beneficiaries from financial harm. …

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How to Ensure Compliance with VA Regulations as a Representative Payee 1000 667 Patrick J. Thomas Agency

How to Ensure Compliance with VA Regulations as a Representative Payee

Whether your family member is a disabled veteran, an elderly parent, or someone with challenge that prevents them from managing their own finances, becoming a representative payee to help them receive benefits from the U.S. Department of Veterans Affairs comes with a legal responsibility.  The VA has strict regulations in…

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What to Expect with the Bonding Process for VA Representative Payees 1000 667 Patrick J. Thomas Agency

What to Expect with the Bonding Process for VA Representative Payees

When the U.S. Department of Veterans Affairs (VA) determines that a beneficiary is unable to manage their own financial affairs—due to age, injury, disability, or illness—it will appoint a representative payee to oversee their VA benefits. If that’s you, know that this position comes with legal responsibilities. One part of…

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