There are many different types of commercial insurance. Businesses can have a variety of plans that protect them against a variety of lawsuits, but there are times where those plans are not enough. That’s where commercial umbrella insurance becomes useful. These plans can give your business the added protection it…
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Surety bond is a catch-all term for a three-party agreement in which one party (the Surety) guarantees or promises a secondary party (the Obligee) that a third party (the Principal) will successfully perform a specified duty or obligation. These types of bonds can be required by courts for certain cases…
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Trusts and conservatorships are both versatile tools in estate planning. Both have their uses, depending on your circumstances, and both can be used in conjunction with one another, or as alternatives to each other. Which is right for your situation (or that of someone you know)? It helps to understand…
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Conservators are court-appointed fiduciaries who are charged with managing a protected person’s assets. They can manage a person’s money, investments, and day-to-day spending, and often sign contracts. This is a temporary position that can take time to fill. This often means that a protected person’s needs will not be fulfilled…
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In the state of Minnesota, according to the MN Statute 550.36 STAY OF EXECUTION ON MONEY JUDGMENT, attorneys can request a stay of execution to temporarily suspend the execution of a judgement made by the court. These stays are ideal for when a defendant needs to pursue further legal action…
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Since injunctions are used to allow the court to order a party to take (or cease to take) an action, they generally require surety bonds to be obtained by the party requesting the injunction. In the state of Minnesota, injunctions can be issued by a judge in one of three…
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Many people accept the role of being a guardian out of necessity. Some do it solely because they want to help someone they love, whether they are a family member or friend. Whatever the reason, if you’ve decided to be a guardian in Minnesota, you’ll need to know what you…
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Trusts manage the distribution of your assets after death. They are generally controlled by a trustee—a person selected by you to hold the property and manage it for your beneficiaries. There are many types of trusts you can set up, some of the most notable and commonly used being revocable…
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In the state of Minnesota, and in many other states, those who are unable to handle their day-to-day affairs can be subject to guardianships, whereby a person or entity is appointed to oversee the personal management of such person. Guardians are charged with making personal decisions about the person subject…
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Being a conservator for a friend or loved one is an important job. While it’s not the most complex thing in the world, there are still a lot of mistakes a person can make that will make their job as a conservator harder, not to mention put a strain on…
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