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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No matter what state you live in, the Department of Veterans Affairs and the Social Security Administration require all Representative Payees—those appointed to receive benefits for someone who is unable to manage their money—to obtain a surety bond in order to fulfill their duties. Representative payee bonds generally need to…
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Every so often, the statutes that govern guardians in Minnesota are updated to include new language, changes in regulations and laws, or other definitions that can have an impact on guardians, people subject to guardianships, and attorneys who work in this field of law. Stay on Top of New Minnesota…
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What do you do if you’ve lost or accidentally destroyed your Minnesota vehicle title? While the license and registration protocols are different from state to state, you can obtain a new title for your vehicle in Minnesota, which is helpful if you plan to sell it or have recently purchased…
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