Patrick J. Thomas Agency

Surety Bonds and Commercial Insurance
differences
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The Difference Between a Special Needs Trust and Supplemental Needs Trusts

When it comes to trusts, there are many options, two of which are special needs trusts and supplemental needs trusts. Despite their similar sounding names, they are different, but over time the supplemental needs trust has become less common and the two terms are commonly mixed. If you are looking…

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paperwork
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ERISA Bonds: What They Are and How Do They Help?

When it comes to surety bonds and commercial insurance, one term that many struggle with is ERISA bonds. What do they do? Who do they protect? How can they be obtained? These are some of the questions that quickly spring to mind. While the process of obtaining ERISA insurance is…

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nursing home
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What to Know About Nursing Home Admission Agreements

Choosing to place a loved one in a nursing home is never an easy decision and trying to find the right nursing home can be even more of a chore. Between the price, location and the amenities offered, choosing the right facility takes a lot of consideration and time. Once…

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woman signing contract
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Can a Guardian or Conservator Be Replaced?

Can a guardian or conservator be replaced after they are appointed? Can they step down, relinquish their duties to a protected person or estate, or find another person to replace them? The answer to all of these questions is “yes”. If you are a protected person, you can, under certain…

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debt
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Are Conservators Liable for Protected Person’s Debts?

When a person passes away, they often leave behind a collection of assets or a estate that is passed on to a set of beneficiaries. At times, they often leave behind debts that also need to resolved. The main questions that people have is who is responsible for paying them?…

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business insurance
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Why Are Surety Bonds Required Along with Commercial Insurance?

Many new business owners often ask why they need to obtain a surety bond in Minnesota. This isn’t unique to Minnesota; most states require businesses in certain industries to obtain surety bonds on top of the commercial insurance they already carry. That’s because surety bonds and commercial insurance protect and…

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finances for conservator and guardian
1000 667 Patrick J. Thomas Agency

The Costs of Conservatorships and Guardianships

Setting up a conservatorship or guardianship comes with a few costs, most of which people don’t really expect when they begin thinking about appointing someone to the position. If you are thinking about appointing a guardian or conservator for a protected person, these are a few of the costs you…

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gavel and book
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The Importance of Getting Discharged as a Fiduciary

As a fiduciary or guardian in Minnesota, it is a person’s responsibility to not only manage the assets of a person, it is also their responsibility to work with the courts and their attorney to close out their case when their duties are completed. There are many fiduciary roles in…

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senior citizens holding hands
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What Happens if a Person Dies Without a Will?

When a person dies without a will or trust, their assets are subject to the laws of probate within their state. While these laws will differ from state to state, many states follow similar legal protocols when it comes to distributing a person’s assets, which can include: Possessions Real estate…

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sign paperwork protective order
1000 668 Patrick J. Thomas Agency

The Challenges of Protective Orders in Civil Cases

When dealing with cases involving surety bonds, there are times when the court may issue a protective order. Protective orders, like temporary restraining orders, usually prevent a party from taking some type of action. The party may be prohibited from transferring a bank account, selling or disposing assets, making changes…

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