Bail bonds and surety bonds are inherently different, and a person looking for a bail bond is seeking a very different outcome than someone looking for the protection that surety provides. At The Patrick J. Thomas Agency, we help businesses and attorneys acquire surety bonds that act as a special…
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Forming a special needs trust is a great way to protect and help secure the financial integrity of vulnerable people who have special needs. If you are a conservator who is in charge of a person with disabilities, a special needs trust may be a good way to plan for…
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While setting up your estate is important, protecting it is even more crucial. Without proper protection your estate can be exposed to fraud and mismanagement. These issues are common and can end up eating away at the assets of your estate through litigation in court. There are many ways…
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If you have been named a trustee, a great amount of responsibility has been placed upon your shoulders. Being named as a trustee means that the person who owns the trust, often known as the grantor or trustor, has placed the future administration of his or her assets (property, finances,…
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Granting Power of Attorney to someone (an agent) is not an easy decision. That is because you are trusting them with your financial or medical decisions, and essentially your personal wellbeing. When an agent has a Power of Attorney over someone, they are responsible for day-to-day financial responsibilities like paying…
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In Minnesota, all vehicle owners are required by the Department of Motor Vehicles (DMV) to have a vehicle title. Unfortunately, vehicle titles can become lost, stolen or damaged to the point where they are unreadable. If this happens, drivers will have to submit an application with the Minnesota DMV to…
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Most conservators in Minnesota will inevitably have to prepare for their first conservator audit. The Conservator Account Auditing Program (CAAP) occasionally does these audits to ensure that conservators are properly using the funds that are given to them, and to see that no abuse or fraud is being committed. CAAP…
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Applying to become a representative payee is an easy process no matter which state you live in. There are a few applications to fill out and laws to follow, but the process can be completed as long as you know what forms to complete and where to send them. What…
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WHAT IS SURETY? Surety is a special line of insurance that is used to guarantee the performance of an obligation of another party. Surety bonds are used to provide monetary compensation in case the principal fails to perform the promised obligation. Unlike traditional insurance coverage, the risk remains with the…
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