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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In most cases involving conservatorship, the courts will appoint a person or organization to manage the financial assets of a protected person. This is the most basic explanation of the primary duty of conservators, but their power and authority can vary based on the state as well as the court…
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The process of appointing a person or professional company for a conservatorship or guardianship can differ from state to state, but there is a general process that applies to most courts across the country. While it’s best consult with an attorney before going through the process, it’s good to know…
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While conservatorship accountings occur on an annual basis in most states, not every conservator will be subject to a more extensive audit. If you are a conservator and have received notice that your account is being audited, there is no reason to panic. Just because you are being audited does…
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One of the most important things a person can do when acting as a fiduciary for a trust is understand what’s involved in the role. It’s more than signing a few pieces of paper, and there are actually many challenges to overcome when taking the position. It’s not an impossible…
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When a vulnerable person is unable to manage their estate and/or make certain decisions regarding their care, it becomes necessary for the court to appoint a conservator or guardian. The basic difference between conservatorship and guardianship is in the powers they are granted by the court: conservators manage the assets…
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