Court Surety Bonds – Probate Surety Bonds
COURT BONDS:
Court Bonds are required at significant points in the litigation process. The Bond protects the opposing party from loss suffered as a result of the court’s having temporarily granted a specific privilege. These are the types of Court Bonds we write:
- Appeal Bonds
- Injunction Bonds
- Replevin Bonds
- Attachment Bonds
- Release of Lien
- Foreclosure Bonds
PROBATE/FIDUCIARY BONDS:
These bonds guarantee the duties of the administrators, trustees, guardians, executors and other fiduciaries of an estate either in Bankruptcy or Probate Courts. Probate bonds are required for the estate of deceased persons, minors, and incompetent persons. As a rule these bonds are filed in a probate court. The bonds provide a guarantee to the courts and the heirs of an estate that the process of proceeding through probate is accomplished within the legal requirements and that all assets are properly accounted for. The bond protects the estate until all steps have been completed. Lexon writes:
- Conservators
- Guardian Bonds
- Administrator
- Executor
- Trustee
