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, […]
In the business and legal realms, the term "surety bond" frequently surfaces, but its definition and implications can often be complex and misunderstood. A surety bond is a legally binding agreement that involves three parties: the principal (who needs the bond), the obligee (who requires the bond), and the surety (who underwrites the bond). This […]
Knowing how to get a surety bond is important for businesses, lawyers, and individuals. A surety bond can offer protection on many levels. States require bonds to guard consumers against wrongful business practices. Defendants and plaintiffs in active cases use a surety bond to prove good faith for their actions. And prospective homeowners can even […]
Each type of fidelity bond is going to have its own set of fidelity bond requirements. The best course of action is to work with a fidelity bond company that understands what you are dealing with. It is important that all fidelity bond requirements are met otherwise that could lead to expensive court cases and […]
It is difficult to sell a house or other realproperty if you have if you don’t own the title outright. And if there is a lien on the your property it can seem impossible. In reality, however, a property lien doesn’t have to be be a dead end to a sale. There are legal products […]
Last week I read a great post from Jurisco friend, and appellate law expert Benjamin Shatz, regarding updated rules on posting collateral in an civil appeal action(Appeal Bond vs. Cash Deposit with the Court). Article. In Civil Cases when an appeal bond is statutorily required, or deemed necessary by the judge, the principle has […]
Did you know that in 2007 the California legislature passed into law the Professional Fiduciaries Act and as of January 1st 2009 it became necessary for any fiduciary to be licensed if they were to legally operate in the state. In the legal world a Fiduciary is defined as, “An individual in whom another has […]
Supersedeas bond in Florida, as those who have been reading the Jurisco surety bond blog regularly will know, is one of the most common type of surety bonds. We have discussed the supersedeas bond topic often, focusing on state requirements, bond cost, differing local mandates, and the general necessity of the court bond. This is […]
Court bonds are used either by the defendant or plaintiff in a case. Plaintiff bonds usually involve starting an action and defendant bonds aim to stop the action. Today our blog focuses on types of bonds a defendant may wish to use in Florida. Supersedeas A supersedeas bond is used after the Florida court has […]