Benefits Of A Minneapolis Guardianship Bond

April 19, 2017 by · Leave a Comment 

Searching for a guardianship bond in Minneapolis, while working to satisfy other requirements to be a guardian can be taxing. The surety bond professionals at Jurisco understand that timeliness and ease of access are of the utmost importance for clients. A Minneapolis guardianship bond will cover everything necessary to satisfy the state’s mandates for guardians.

How will a surety bond help?

A picture taken of Minneapolis at sunset. The sky is a mixture of pink and purple hues reflected off the waterA guardianship or conservatorship bond is a type of fiduciary bond. The purpose of a Minneapolis guardianship bond is to protect the person deemed by a court to require a guardian from being neglected. Guardianship can leave a person vulnerable and the courts utilize this surety bond to reduce the risk.

This surety bond protects a person to ensure the guardian does not abuse or neglect the person financially or physically. Sadly, there are all too real examples of why this protection is necessary. In order to comply with guardian mandates, a surety bond may be required. The requirement could be appealed, however, in the majority of cases the courts side on the err of caution and uphold the Minneapolis guardianship bond requirement.

Same Day Surety Service

The Jurisco team is comprised of a lawyer-trained staff. The guardianship process in Minneapolis, Minnesota doesn’t have to become complicated because of a surety bond. Surety bond professionals are ready to secure a bond for clients as quickly as possible so they can focus on other things. Guardians and those under guardianship can rest easy knowing a surety bond from Jurisco fully protects them.

Whether a client is fully-versed in Minneapolis guardianship bond requirements or is requiring a bond for the first time, Jurisco is ready to help. Bond experts are on-hand to answer any questions about guardianship bonds in Minneapolis or any other type of surety bond.

Jurisco is a nationwide surety bond provider with experts for every state. Minnesota surety bond experts can quickly serve Minneapolis clients to make sure they receive the best bond and lowest surety bond rate.

Have questions about Minneapolis guardianship bonds? Ask the experts at Jurisco. Contact a surety bond expert today.

New York Fiduciary Bonds

February 22, 2012 by · Leave a Comment 

New York Fiduciary BondsNew York fiduciary bonds cover a wide range of responsibility, but usually stem from the need to protect one person’s assets from the misuse of another person. New York Fiduciary bonds are required courts to cover the actions of a guardian or fiduciary acting on the behalf of a ward or a deceased individual. Surety bonds including curator bond, personal representative bond, and custodian of veteran bond all hold the party overseeing an estate accountable for fulfilling their duties, including paying off debts and properly distributing assets.

Curator Bond

When a person dies, an administrator will be appointed to administer their estate. However, the administrator may be unable to administer the estate for several reasons, including lack of a beneficiary. This puts the estate in curator status as a search for beneficiary or heir progresses. New York courts require a curator bond to protect the interest of the estate against mishandling by a curator.

The curator is responsible for protecting the estate against a loss until the estate can be administered properly. This heavy responsibility could result in a loss for the estate debtors and beneficiaries. Courts take the value of the estate, and court cost involved in the case, into consideration when setting the curator bond cost. The surety bond cost for a curator bond varies county to county in New York.

Personal Representative Bond

Personal Representative Bonds may be referred to as Administrator or Executor bonds in New York depending on the region. Courts require this surety bond when an individual dies and directs an administrator to distribute their assets and finalize their expenses. To protect the heirs and creditors of an estate, a personal representative bond covers the financial worth of the estate against any wrongdoing by a personal representative.

Some last will and testaments include a provision waiving the requirement of a personal representative bond, but the courts have the final say on the surety bond. The individual who is now deceased may have had great faith in their appointed personal representative; however, that does not extend to the court’s confidence. The court has a duty to protect all interests in this situation. When an executor fails to pay back taxes or properly notify beneficiaries the personal representative bond financially covers these mishaps.

Custodian of Veteran

Veterans of the American Armed Services deserve honor and respect for their service to their country. While war is not to be glorified, those who stand to fight should be protected when they can no longer represent themselves. Custodian of Veteran bond is a surety bond filed with the Department of Veterans Affairs after a service member is deemed incapacitated. This surety bond is similar to guardianship bonds in that it protects the incapacitated against a wrongful financial loss and mishandling of their estate by the person overseeing their assets.

Custodian of Veterans bond is only filed when the assets include money invested with the Department of Veterans Affairs. The department requires a custodian of veterans bond covering the worth of the estate. Without this bond, the veteran is vulnerable to damages. The guardian overseeing the veteran’s estate is also vulnerable to legal action for not following guardianship procedure.

To discuss the cost of a New York Fiduciary Bonds, or any other surety bond, contact Jurisco. A bonding professional will answer any questions you have about the injunction process and bond mandates.

 
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