Being named executor of an estate in New York comes with significant responsibility — and before you can take a single action on the estate's behalf, New York's Surrogate's Court may require you to post a probate bond. For many first-time executors and administrators, this is an unexpected step that can delay the entire process […]
When a court appoints someone to manage money or property on behalf of another person — a minor, an incapacitated adult, or a deceased person's estate — it rarely takes that appointment on faith alone. In most cases, the court requires the appointed fiduciary to post a bond before they can begin their duties. That […]
Surety bonds aren't meant to last forever — and in some cases, they don't make it to their intended end date. Whether you're a principal looking to exit a bond early, an obligee trying to understand your protections, or an attorney advising a client on what cancellation actually means, it helps to know the rules […]
Attorneys should be having appeal bond conversations early in the case. When a client loses at trial and decides to appeal, the legal strategy conversation often centers on grounds for appeal, the likelihood of reversal, and the timeline. What sometimes gets overlooked — until it becomes urgent — is the appeal bond requirement. An appeal […]
What is the role of the indemnitor in surety bonding? When a surety bond is required and the principal — the person or entity being bonded — doesn't qualify on their own, the surety company may require a bond indemnitor. This is a third party who agrees to back the bond and take on financial […]
When a court requires security — whether for an appeal, an injunction, or a replevin action — the client typically has two options: post a cash deposit or obtain a surety bond. On the surface, both satisfy the court's requirement. But the financial implications for your client can be dramatically different depending on which path […]
Court deadlines for a surety bond can create a crisis. When a court sets a deadline for posting a surety bond, that clock starts immediately. Whether it's an appeal bond required to stay enforcement of a judgment, an injunction bond to maintain a temporary restraining order, or a replevin bond to recover property, missing the […]
You’ve just received a court judgment against you, and the amount is significant. You believe the ruling was wrong and you want to appeal — but the winning party is already demanding payment. Do you have to pay before your appeal is even heard? In most cases, no. There’s a legal mechanism designed specifically for […]
When a court appoints you as an executor, administrator, guardian, or trustee, it’s an important responsibility. And in most cases, the court will require you to do one thing before you can act: obtain a probate bond. Many people either don’t know this requirement exists or assume they can skip it. Neither is a good […]