If you’re in the process of being appointed as a representative payee, you’ve likely discovered that you will need to acquire a representative payee bond before you can “officially” take on the duties that are being assigned to you. Why do you need a representative payee bond? It helps to…
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The Social Security Administration (SSA) administers a range of benefits, funds, and services to eligible individuals, including those who require a representative payee for assistance in managing their funds. When a beneficiary is unable to handle their finances independently, a representative payee can be appointed to step in and ensure…
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The Department of Veterans Affairs (VA) provides various benefits and services to eligible veterans and their dependents. These benefits are distributed to beneficiaries for several reasons, primarily to support and enhance the well-being of individuals who have served in the United States military. When these funds cannot be managed by…
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Becoming a representative payee allows you to help a person who receives benefits from the Social Security Administration (SSA) or Veteran’s Administration (VA) manage their money and help them live their lives more comfortably. Most people who first seek to become a representative payee don’t understand the position, the process…
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There are many different types of commercial insurance. Businesses can have a variety of plans that protect them against a variety of lawsuits, but there are times where those plans are not enough. That’s where commercial umbrella insurance becomes useful. These plans can give your business the added protection it…
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Surety bond is a catch-all term for a three-party agreement in which one party (the Surety) guarantees or promises a secondary party (the Obligee) that a third party (the Principal) will successfully perform a specified duty or obligation. These types of bonds can be required by courts for certain cases…
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Trusts and conservatorships are both versatile tools in estate planning. Both have their uses, depending on your circumstances, and both can be used in conjunction with one another, or as alternatives to each other. Which is right for your situation (or that of someone you know)? It helps to understand…
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Conservators are court-appointed fiduciaries who are charged with managing a protected person’s assets. They can manage a person’s money, investments, and day-to-day spending, and often sign contracts. This is a temporary position that can take time to fill. This often means that a protected person’s needs will not be fulfilled…
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In the state of Minnesota, according to the MN Statute 550.36 STAY OF EXECUTION ON MONEY JUDGMENT, attorneys can request a stay of execution to temporarily suspend the execution of a judgement made by the court. These stays are ideal for when a defendant needs to pursue further legal action…
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Since injunctions are used to allow the court to order a party to take (or cease to take) an action, they generally require surety bonds to be obtained by the party requesting the injunction. In the state of Minnesota, injunctions can be issued by a judge in one of three…
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