Patrick J. Thomas Agency

Surety Bonds and Commercial Insurance
indemnity agreement
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What is a Surety Bond Indemnity Agreement?

Indemnities are a common basis for commercial insurance contracts and surety bonds, which is why anyone who is seeking either form of protection should familiarize themselves with the term and what it means in regards to the contract they are signing.  What is indemnity? In contracts, indemnity is a form…

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law
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Minnesota Passes Law Protecting Seniors From Fraud

Late in July, a new law passed by Minnesota lawmakers took effect that equips financial professionals with new tools and protections that help them protect senior citizens and other vulnerable adults from fraud. The law was proposed by the Minnesota Commerce Department and garnered the support from senior advocacy groups…

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filling out minnesota guardianship forms
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3 Forms All MN Guardians Must File Every Year

All guardians in Minnesota are required by the courts to submit certain reports and/or forms every year, or as requested by the judge overseeing their case. In order to maintain compliance and fulfill your duties as a guardian, it’s essential to be familiar with these forms, how you must fill…

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law books
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What You Need to Know About Supersedeas Bonds

A supersedeas bond is one of the most common appeals bonds regarding monetary judgements. A judge may choose to require a supersedeas bond when a party appeals a judgement (this may be a statutory requirement, based on the court rules in your state). These bonds act as a financial guarantee…

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posting cash for a bond
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The Problems with Posting Collateral with the Court

When dealing with a dispute in court that involves a party’s assets or some type of judgment, a surety bond is typically required to safeguard the assets until the dispute is resolved, including any appeals that are made. Surety bonds are the most common type of safeguard because they offer…

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important conservator and guardian documents
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5 Important Laws Minnesota Guardians and Conservators Should Know

When it comes to being a guardian or a conservator in Minnesota, the most important thing a person can do is fully understand both the powers that are given to them and the laws that govern the position they have accepted. Here are five important MN legal statutes that all…

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challenges
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The Challenges of Being a Guardian or Conservator

Have you been approached about serving as a guardian or conservator for a family member or close friend? It can be a challenging role, but so long as you understand the process and what’s expected of you, it’s something that most people can handle. Understand Your Role and the Needs…

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abuse of protected person
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Signs of Financial Exploitation in Protected Persons

Conservators are needed if you suspect abuse from taking place. They are established to prevent the abuse and waste of a protected person’s assets.  If you are a family member or friend who has concerns, here’s what to look for to help protect your loved one from abuse: Misappropriation of…

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difference guardian conservator
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The Difference Between General and Emergency/Temporary Conservators

In most cases involving conservatorship, the courts will appoint a person or organization to manage the financial assets of a protected person. This is the most basic explanation of the primary duty of conservators, but their power and authority can vary based on the state as well as the court…

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courts
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How are Conservators and Guardians Appointed?

The process of appointing a person or professional company for a conservatorship or guardianship can differ from state to state, but there is a general process that applies to most courts across the country. While it’s best consult with an attorney before going through the process, it’s good to know…

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