Court Surety Bonds
A Court Bond is an umbrella term referring to the different types of bonds that are required to engage in legal proceedings. Court bonds are necessary to ensure protection against possible loss as a result of the outcome of proceedings. They also protect the court against possible fraud.
Frequently Asked Questions For :
Court Surety Bonds are underwritten on the following criteria:
Bond Type, Bond Amount, Corporate and Personal Credit History, Corporate and Personal Net Worth, Years in Business, Claim History, Obligee Obligation
American Surety Bonds Agency has a number of programs in place for Court Surety Bonds. Our 5 tiered programs start at less than 1% of the bond amount with competitive rates for all applicants. Contact us today to find out which program you qualify for.
To apply for a Court Surety Bonds, simply complete the bond application. Click here to download application our application and e-mail, fax or mail your application back to us to get started. Or, give us a call and we will be happy to get you started.
When a person passes away and has not left a will, has not named an executor of the will, a will is contested, or there is a dispute among the heirs, a judge will appoint an administrator to handle the legal proceedings of the estate. In many cases, the judge will require the administrator to post an Administrator Bond to guarantee that the estate will be handled lawfully and to prevent any dishonest acts.
An Appeal Bond required when the losing party in a lawsuit wishes to file an appeal with a higher court. The bond is used to prevent frivolous and costly appeals in both state and federal courts. Appeal Bonds are also referred to as Supersedeas Bonds.
A Conservator Bond is a type of court or probate bond that is designed to protect a minor or an incapacitated adult from the fraudulent acts of an appointed conservator. A conservator is a person or official appointed by a judge to handle the general well being and assets of a person who is incapable of doing so on their own due to age or mental capacity. A Conservator Bond guarantees that the accounting for the estate is done on a regular basis and protects the minor or ward from dishonest and illegal acts. Conservator Bonds are bonds are also referred to as Guardianship Bonds.
An Executor is a person or official designated to handle an estate as specified in a will. An Executor Bond is a type of court or probate bond that guarantees that the executor will manage the estate (inventory and distribute property, pay debts, divide assets, etc.) as required by the will and the law. The bond is designed to prevent fraudulent acts by the executor.
A guardian is a person appointed by the court to protect the assets and general well being of a minor or incapacitated adult. Often, when a judge appoints a legal guardian, a Guardianship Bond is required to ensure that the minor or ward is taken care of and that estate is handled properly. The bond is also designed to protect the minor or adult’s finances from fraudulent or dishonest acts by the guardian. Guardianship Bonds are also referred to as Conservator Bonds.
Probate is the legal process in which a court oversees the distribution of an estate to the beneficiaries or heirs.
A Replevin Bond allows a lender or interested party that has a financial interest in property to recover or reposes.
A Supersedeas Bond can be required by either a state or federal court when the losing party in a lawsuit wishes to file an appeal with a higher court. The bond is used to prevent frivolous and costly appeals and ensures that if the appeal is overturned, the original judgement, plus additional court fees, will be paid. Supersedeas Bonds are also referred to as Appeal Bonds.