Patrick J. Thomas Agency

Surety Bonds and Commercial Insurance
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The Clear Signs of Elder Abuse in Nursing Homes

Making the decision to place a relative or close friend in a nursing is not easy, but when it comes time to transfer care of someone over to another person or organization, you want to be sure that the person will be well cared for. While the vast majority of nursing homes and employees…

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Your Brief Guide to Insuring Your Business with Fidelity Bonds

Fidelity bonds are a type of commercial insurance that employers use to protect their business against fraud or harmful actions committed by their employees. This type of insurance also protects the customers of a business should the actions committed by the employees affect them as well.   Most businesses need to have fidelity bonds in order to…

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What You Need to Know About The Minnesota Conservator Account Review Program (CARP)

Those who are conservators in Minnesota should be familiar with a few things:  MyMNConservator: the online portal where conservators can take place in the statewide accounting review program which occurs every year.   The Conservator Account Auditing Program (CAAP): the statewide auditing program of conservators that is conducted regularly.  The Conservator Account Review Program (CARP): a newer program that…

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Rule 62 and How it Affects Federal Supersedeas Bonds

You have 30 days to obtain a supersedeas bond.  This is not an obscure rule by any Minnesota surety or agency, but a federal rule dealing with stays of judgment. This is according to Rule 62 of the Federal Rules of Civil Procedure.  What is Federal Rule 62? Federal Rule 62 states (a) Automatic Stay. Except as provided in Rule 62(c) and…

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Can Conservators Sell Real Estate? Here’s What You Need to Know

Conservators are charged with managing the assets of a protected person, including real estate. There may come a time when one of the properties owned by the protected person must be sold. Whether this is simply the best financial decision for the protected person, or the funds made from the sale will be needed…

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Understanding DHS Background Checks for Minnesota Guardianships and Conservatorships

One of the major changes over the past few years regarding Minnesota guardianships and Minnesota conservatorships has been an increase in frequency of background checks required by the Minnesota Department of Human Services (DHS). DHS now requires these “Background Studies” to be completed by conservators and guardians every two years instead of every five years.  Background Study Requirements for Conservators and…

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How to Confront Financial Exploitation in Minnesota

Financial exploitation in Minnesota is well documented and unfortunate issue that protected and elderly people and their loved ones must confront. When it comes to managing and distributing the assets of a protected person, there is some room for fraud and abuse, and this type of exploitation has been investigated…

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The Challenges of Being a VA Representative Payee

Being a representative payee means taking on the duties of administering the benefits given to a protected person by an organization like the Social Security Administration (SSA) or The Department of Veteran’s Affairs. When you are appointed as a representative payee for a person’s VA funds, you can also be…

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The Challenges of Being a Social Security Representative Payee

Being a representative payee is a great way to provide for a close loved one, and while getting the position is not a highly complicated process, there are several challenges associated with being a representative payee that people should be prepared for. What is a Social Security Representative Payee? A…

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What Are Loss Securities Bonds and How Do They Help?

Loss securities bonds (also known as lost instrument bonds) are a special type of surety bond that are designed to provide protection for publicly traded companies who sell stock investments in their business. If you are purchasing stock in a company and need to obtain a loss securities bond, there…

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