Surety Bond Expert Advice

August 29, 2016 by · Leave a Comment 

What’s type of appeal bond does Georgia require? Are there restrictions on surety bonds? When is a surety bond mandated by a state? Finding answers to those questions and more can turn the surety bond process into something friendly, professional, and great. Consider a surety bond expert as your personal guide. They will work hard to make sure everything is handled properly.

How to Determine Which Bond Is the Right Bond

Image of a clay figurine with a green check mark representing a bond expertWith surety bond mandates happening at the state and court level, determining which surety bond is the right bond can be difficult. A surety bond expert helps clients understand their options. Being able to count on a surety bond expert takes away the headache of applying for bonds.

You can trust a surety bond expert to have done their homework. They know how to handle state restrictions, court guidelines, and any other special requests.

Offering Fast Service

The lawyer-trained staff at Jurisco knows first hand that timeliness is important in surety bond. A court bond, such as a plaintiff or defendant bond, needs to meet court requirements and the court deadline. That’s why Jurisco offers same day surety bond service.

Surety bond experts know how to deliver the best bond possible without any time delay. It’s part of what makes them a surety bond expert. Jurisco is proud to be able to offer this service to clients in all 50 states.

Low Rates Despite Bad Credit

One issue that surety bond experts encounter often is dealing with bad credit. A low credit score can impact the ability to receive a low surety bond rate. Jurisco works to change that by giving bond experts the flexibility they need to deliver the best bond and best rate possible.

Complete Coverage

Working with a surety bond expert at Jurisco gives clients the confidence they need to know their surety bond offers complete coverage. Being well versed in every state’s surety bond requirements allows bond professionals to secure the correct bond for every situation.

Want to speak to a surety bond expert? Contact Jurisco at 800.274.2663 to learn more about the different surety bonds, bond rates, and the bond application process.

Administrator Bond in Illinois

April 15, 2013 by · Leave a Comment 

Administrator Bond in IllinoisAdministrator 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 Chicago or the suburbs of Waukegan. This makes administrator bonds one of the most common types of surety bonds Jurisco writes for clients in Illinois.

An administrator bond, also referred to as an executor bond or personal representative bond, is required because the State wants to protect the integrity of an estate. Executors carry a great responsibility when finalizing the decedent’s estate. Not only must they notify all beneficiaries, creditors and debtors to the estate, but handle all financial loose ends.

The courts name administrators if they are not named in the person’s last will and testament. There are situations where a person’s last will and testament will waive the requirement of having a bond (for example, when the personal representative is a close relation). However, the court may exercise its power and still mandate the action.

Why is an Administrator Bond in Illinois necessary?

  • A personal representative could fail to pay taxes thereby creating a personal debt to the government.
  • The executor could be drawing out the closure of an estate costing creditors and beneficiaries time and money.
  • Months after the closing of the estate a new beneficiary may come forward and demand payment.

Those are only a few scenarios in which administrator bonds can protect the estate. Like other surety bonds, an executor bond is made for protection. The court wants to ensure the estate and all parties involved have proper recourse should things go awry.

A surety bond expert at Jurisco can discuss the writing process and the cost associated with administrator bonds. Our application process is quick and simple. You may even fill out an online application or we can fax one over. Should you have any additional questions about administrator bonds feel free to contact Jurisco, right now.

Garnishment Bond in Florida

February 17, 2012 by · Leave a Comment 

Garnishment Bond in FloridaGarnishment Bond in Florida are required by courts before a person’s wages, assets, or bank accounts are garnished to cover a past debt. This action may be from a proprietor attempting to collect past debt or from a judgment holder perfecting their judgment. Garnishing a person’s wages is a serious transaction and Florida courts do not take it lightly. A surety bond protecting the defendant from wrongful garnishments is required before the first cent is withdrawn.

A Garnishment Bond in Florida is only required if the plaintiff seeks to garnish the defendants accounts pre-judgment. Many times the plaintiff will attempt to garnish the defendants account before a judgment is made because there is concern that they will dispose of or conceal assets if notice is given. The bond amount must be for double the amount that the plaintiff seeks to garnish. The addition amount that the bond provides is to cover court costs, legal fees and interest. Garnishing wages is sometimes the only option left available for the plaintiff to recover their money. While the courts recognize the contractual obligation of payment, the surety bond protects the defendant in the event the contractual obligation was already met and the garnishments were unnecessary.

Garnishment bonds cost fluctuates depending on the Florida court presiding over the case and the total amount of money owed. To discuss the surety bond cost in detail, a Jurisco bond expert is available via email or by phone.

 
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