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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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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When a court decision doesn’t go in your favor, filing an appeal can be the next logical step. However, appealing a judgment or an order isn’t as simple as just submitting paperwork and waiting for a new decision. If the judgment involves a financial obligation—such as damages, penalties, or asset…
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Surety bonds can be a complex as they are filled with industry-specific legal terms that may confuse anyone unfamiliar with the field. However, anyone involved in a surety bond agreement—whether you are a business owner, a contractor, or a person who will be managing a conservatorship or guardianship—should at least…
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Navigating the world of estate planning can be complex, but understanding the concept of a living trust is essential for anyone looking to manage their assets effectively. Creating a living trust can inevitably become a major part of planning your estate, but it’s not always the best path to take.…
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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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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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Replevin is the legal writ that allows seized goods to be restored to their owner, either as a final judgement or a provisional remedy. A replevin bond is a type of surety bond that protects the defendant in a court case, guaranteeing that the moving party will return the defendant’s…
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A bank depository bond, also known as a depository bond, is a type of protection for people or organizations who deposit large amounts of money into a bank, which normally exceeds the traditional insurance coverage obtained by the bank. What exactly is a bank depository bond? How does it work…
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Special administrators are used in times of need when an estate needs to be preserved and protected before a personal representative can be found and appointed. If no personal representative has been appointed, it can take time to get the right individual into the position, including getting approval by the…
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