Patrick J. Thomas Agency

Surety Bonds and Commercial Insurance
filling out minnesota guardianship forms
3 Forms All MN Guardians Must File Every Year 1024 682 Patrick J. Thomas Agency

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
What You Need to Know About Supersedeas Bonds 1024 670 Patrick J. Thomas Agency

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
The Problems with Posting Collateral with the Court 1024 768 Patrick J. Thomas Agency

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
5 Important Laws Minnesota Guardians and Conservators Should Know 1024 556 Patrick J. Thomas Agency

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
The Challenges of Being a Guardian or Conservator 1024 683 Patrick J. Thomas Agency

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
Signs of Financial Exploitation in Protected Persons 1024 682 Patrick J. Thomas Agency

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
The Difference Between General and Emergency/Temporary Conservators 1024 767 Patrick J. Thomas Agency

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
How are Conservators and Guardians Appointed? 1024 768 Patrick J. Thomas Agency

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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accounting audit
How to Work Through a Conservatorship Audit 1024 681 Patrick J. Thomas Agency

How to Work Through a Conservatorship Audit

While conservatorship accountings occur on an annual basis in most states, not every conservator will be subject to a more extensive audit. If you are a conservator and have received notice that your account is being audited, there is no reason to panic. Just because you are being audited does…

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money in a trust
The Challenges of Acting as a Fiduciary for a Trust 1024 685 Patrick J. Thomas Agency

The Challenges of Acting as a Fiduciary for a Trust

One of the most important things a person can do when acting as a fiduciary for a trust is understand what’s involved in the role. It’s more than signing a few pieces of paper, and there are actually many challenges to overcome when taking the position. It’s not an impossible…

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