Understanding North Carolina Probate Bond Requirements

The state statute lays out the importance and use of a North Carolina probate bond in a variety of cases. While there is no one size fits all approach to surety bonds, there are such a variety of bonds that a North Carolina probate bond tends to be specific to its use case and necessity.

Being able to understand the differences in requirements, and what the state penalties are for ignoring them, is how clients receive top notch surety bond service.That’s why Jurisco strives to provide the best surety bond service across the state of North Carolina including Charlotte, Raleigh, Winston-Salem, and Durham.

Types of North Carolina Probate Bonds

Among the most commonly used North Carolina probate bonds are guardianship bonds, administrator bonds, trustee bonds, receiver bonds, and custodian of veteran bonds.

A guardianship bond is required in North Carolina by any party seeking to become a guardian and oversee an estate or financial account.

Trustee bonds are deemed necessary when a party is overseeing a trust. This North Carolina probate bond protects the trust and its beneficiaries against harmful financial wrongdoing.

Receiver bonds are set up once a company files for bankruptcy. The courts expect companies to legally handle any remaining rents and payments to the defunct company. The best way for companies to satisfy that requirement is with a receiver bond.

A custodian of veteran bond carries a lot of weight since it involves caring for a member of the American armed forces. When a veteran is deemed in need of a custodian, this North Carolina probate bond will protect their account and funds from wrongful doing on the part of the custodian.

Other Uses for North Carolina Surety Bonds

North Carolina probate bonds aren’t the only type of surety bonds required by the state. Plaintiff and defendant bonds are used widely across the state for actions such as evicting a tenant, garnishing wages, or appealing a monetary judgement.

Then there are the surety bonds used to protect consumers from wrongful business practice. A seller of travel bond, for example, is financial restitution for a customer who was a victim to a travel agent stealing their money.

Don’t Let Bad Credit Impact Your Surety Bond Rate

Surety bonds are commonly employed across the state for a variety of reasons. In part, the ease of access and affordability have kept surety bonds in the wheelhouse of ideas. That’s why clients shouldn’t let things like bad credit impact their ability to receive a low surety bond rate.

The North Carolina surety bond experts at Jurisco are always able to help clients receive the best prices. It’s a benefit of working with a nationwide company. That along with expert advice.

Contact Jurisco to learn more about your North Carolina probate bond options today.

Trust the Surety Bond Experts

The Jurisco lawyer-trained staff are here to help you today.