When someone dies, the probate court oversees the process of settling the estate. The person appointed to manage that process will serve as either executor or administrator, depending on whether a valid will exists. In both cases, a bond is usually required before the fiduciary can legally begin acting. While…
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When a civil court enters a judgment, the losing party has a choice: accept the outcome or challenge it. Most people focus on the appeal itself, the legal arguments, the timeline, the odds. What often receives less attention is the financial instrument that makes the appeal possible in the first…
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Maybe you’ve just been named executor of an estate and aren’t sure what comes next. Maybe a loved one’s incapacity has led to guardianship or a conservatorship proceeding, and the court is asking for something called a bond before you can begin. Or perhaps you’re an attorney who needs to…
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A bond delay doesn’t just slow down paperwork. It can freeze an entire estate, stall a court proceeding, trigger bond failures, or leave a fiduciary unable to act while deadlines pass and beneficiaries wait. In litigation, a delayed bond can hold up an injunction order or an appeal that has…
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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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License Bonds are a type of surety bond that provide financial protection for businesses and individuals who provide a certain product or service that is purchased by the public. Like any form of surety insurance, license bonds are purchased by the person or company who will be providing the product…
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