Attorneys frequently request specific bond amounts based on what they think is the minimum required amount, but often lack the full knowledge of probate bond minimums and requirements. These arbitrary amounts or statements such as “give us the minimum” or “just give us a 40k bond” can lead to inappropriate bond requests, higher costs, and…
Although it seems the trend lately is to waive a trust and will bond, there’s good reason to consider requiring them. Of course, it will save a few minutes for your personal representative and a few dollars for your estate. But at what cost? There are no guarantees in life or death. Even the best…
I am an insurance agent, not a lawyer. I have earned no law degree. But as an insurance agent specializing in probate court bonds, I have worked with thousands of attorneys and families. And I have learned a few things about what I’d want for my own probate attorney. When to hire a probate attorney…
. Issues trusting people? You’re not alone… Are you concerned with an executor or trustee absconding with your estate? Misappropriating your hard earned nest-egg? Squandering your lifelong savings? It can happen with estates small and large. Even close family, trusted friends and licensed professionals sometimes lose their mind and get caught stealing. What will your…
It seems a day doesn’t go by without at least one request to cancel a bond without a the final order. You see, once accepted by the Court, bonding companies are prohibited from changing or cancelling any probate court bond without a court order. All requests to modify or cancel a probate bond must come…
Professional Guardians and Attorneys who handle many guardianships have a few challenging concerns. One unfortunate side effect of applying for a guardianship bond is a credit bureau inquiry. Each time a new bond is applied for, most bonding companies perform a credit inquiry. Multiple or excessive credit history inquiries will negatively effect your personal credit….
