What are Court Bonds?
There are two main types of Judicial Bonds:
Fiduciary bonds guarantee the court appointed person will rightly care for another's property. Some fiduciary bonds, such as probate bonds, are required for administrators, executors, and guardians.
Court bonds are bonds written in connection with a legal proceeding. There are court bonds for both plaintiffs and defendants. A plaintiff or defendant may need to provide a surety bond to protect the other party for loss due to a judge's decision made prior to final judgment. These bonds renew yearly until the litigation officially ends.
A short list of bonds we typically underwrite:
|Abandoned Property Bonds
Administrator / CTA /DBN/ Ancillary
Advance Payment of Executor's Commissions (NY)
Deferred Estate Taxes (IRS)
Guardianships of Incapacitated People
Guardian of Minor
License and Permit
Lost Instrument Bond
Public Fund Raiser Bond|
Private Trustee- (Non court filed)
Qualified Domestic Trust Bonds (QDOT's)
Replevin / Seizure
Security for Costs
Stay of Execution
Supplemental Needs Trustee
TRO (and Seizure)
Trustees in Bankruptcy
Waiver of Probate