The administration of an estate comes with significant responsibilities and legal requirements, one of which is the procurement of a probate surety bond. These bonds serve as a pledge to the estate and its beneficiaries that the appointed individuals will conduct their duties ethically and in accordance with the law. From curator bonds to trustees, […]
Even the inevitability of death cannot prepare people for what happens when an individual dies. This is why the state of North Carolina requires a Personal Representative to be appointed to handle the final expenses and distribution of assets of a person who has died. A Personal Representative, often referred to as an Administrator or […]
Oregon courts are going to require an administrator bond for the administrator of an estate. This type of surety bond establishes protection for the estate, heirs, and those who are owed any money. Without this type of probate bond there would be limited recourse for those wrongfully done by the administrator of the estate. Often […]
As an attorney, it is necessary to look at the case from all angles. That includes what will happen in the event of a victory and in the chance of defeat. Part of this preparation means reviewing which Types of Surety Bonds may be required on the behalf of the client. Now this, of course, […]
This spring the Colorado legislature made a few substantive changes to the civil code in Colorado. This could lead to a change in your practice. The surety bond experts at Jurisco know this and will track the changes to keep you up to date. Colorado Senate Bill 13-077 will affect the way conservatorships and estates […]
Administrator Bond in Illinois are written to protect beneficiaries and creditors of an estate . The fiduciary is mandated by the State and local ordinances often add on to those requirements laid out there-in. Making an administrator bond necessary for personal representatives affects all types of estates whether they are in the big city of […]
Bad credit score affect surety bond cost including requiring collateral and increasing the bond cost. As more people deal with unpaid credit card bills, past due mortgage payments, and even late car payments, the concern over bad credit is rising. Like job applicants, surety bond applicants may find their credit score doesn’t work in their […]
It’s the start of a new year and that means making resolutions, life changes. Life happens quickly and doesn’t last long enough. Building a strong financial estate can seems as it takes long enough, but that hard work can be wasted with the misuse of funds and assets by an Administrator. An Administration Bonds helps […]