The insurance professionals at Patrick J. Thomas Agency are committed to your success. Reaching beyond just insurance quotes, we have provided an insurance resource library including Glossary of Terms, Useful Links and Financial Calculators for your convenience.
When a vulnerable person is unable to manage their estate and/or make certain decisions regarding their care, it becomes necessary for the court to appoint a conservator or guardian. The…
As an appointed conservator, you have a fiduciary responsibility to conserve and manage the estate of a protected person. This duty includes taking charge of the financial assets and day-to-day…
The fundamental difference between guardians and conservators is in the power they are given. Both protect a vulnerable person, but conservators and guardians have very different roles when it comes…
Trustees manage the distribution of a trust’s assets to certain beneficiaries. Since this responsibility comes with a substantial amount of financial management, certain accounting practices become necessary to effectively manage…
A representative payee, not to be confused with a personal representative, is a person or organization who is charged with using the benefits distributed to a vulnerable person to pay…
When appointing a conservator or guardian, most courts in most states will require a surety bond to be posted. Since many people aren’t familiar with how surety works, they often…
Conservators in Minnesota must familiarize themselves with MyMNConservator (MCC), a statewide accounting program of all conservators that takes place every year. If you are part of a conservatorship in Minnesota,…
When you deal with surety bonds, fraud is always a possibility. While it’s rare to come across these cases, it still something that parties should safeguard themselves against. As with…
When it comes to obtaining court bonds, it is essential to find and work with a court-approved bond company. It may come as a surprise to many that not all…
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…
Need help understanding new bond jargon? Not sure what an insurance term means? Check our glossary for an A to Z directory of legal terms related to insurance and bonds.
MyMNConservator (MMC) is an online conservator account reporting application that allows conservators to file their inventory and annual accountings electronically.