License Bonds are a type of surety bond that provide financial protection for businesses and individuals who provide a certain product or service that is purchased by the public. Like any form of surety insurance, license bonds are purchased by the person or company who will be providing the product…
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Conservatorships and guardianships in Minnesota are set up specifically to provide much needed protection to protected persons. They are often used for people with disabilities, senior citizens, and any other person who is unable to handle financial decisions (which is where conservators come in) or living arrangements and medical decisions…
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Indemnities are a common basis for commercial insurance contracts and surety bonds, which is why anyone who is seeking either form of protection should familiarize themselves with the term and what it means in regards to the contract they are signing. What is indemnity? In contracts, indemnity is a form…
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Late in July, a new law passed by Minnesota lawmakers took effect that equips financial professionals with new tools and protections that help them protect senior citizens and other vulnerable adults from fraud. The law was proposed by the Minnesota Commerce Department and garnered the support from senior advocacy groups…
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All guardians in Minnesota are required by the courts to submit certain reports and/or forms every year, or as requested by the judge overseeing their case. In order to maintain compliance and fulfill your duties as a guardian, it’s essential to be familiar with these forms, how you must fill…
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A supersedeas bond is one of the most common appeals bonds regarding monetary judgements. A judge may choose to require a supersedeas bond when a party appeals a judgement (this may be a statutory requirement, based on the court rules in your state). These bonds act as a financial guarantee…
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When dealing with a dispute in court that involves a party’s assets or some type of judgment, a surety bond is typically required to safeguard the assets until the dispute is resolved, including any appeals that are made. Surety bonds are the most common type of safeguard because they offer…
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When it comes to being a guardian or a conservator in Minnesota, the most important thing a person can do is fully understand both the powers that are given to them and the laws that govern the position they have accepted. Here are five important MN legal statutes that all…
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Have you been approached about serving as a guardian or conservator for a family member or close friend? It can be a challenging role, but so long as you understand the process and what’s expected of you, it’s something that most people can handle. Understand Your Role and the Needs…
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Conservators are needed if you suspect abuse from taking place. They are established to prevent the abuse and waste of a protected person’s assets. If you are a family member or friend who has concerns, here’s what to look for to help protect your loved one from abuse: Misappropriation of…
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