There are a few different types of retailers offering Probate Bonds. It’s important to recognize the differences between Probate Bond sources. Direct retailers are retail insurance agencies who only offer Probate Bonds from ONE source or carrier. It could be direct from the carrier, or a captive insurance agent. They only have one carrier, with…
Bond penalty amounts are often defined by state court rules. However, some local jurisdictions have defined additional or modified existing rules. For most people, the very first place to start is an attorney. Unless you are a professional with occupational experience handling financial and personal affairs, like a Professional Guardian, Certified Public Accountant, then you…
As an insurance agency specializing in Guardianship Bonds, we’re often asked questions about guardianships that are well beyond the scope of issuing a probate bond. We are not attorneys and cannot answer legal questions or give legal advice. Our #1 recommendation is always to obtain an attorney familiar with Ohio Guardianships and Ohio Probate Law. …
Attorneys often request specific bond amounts based on what they incorrectly believe to be the minimum. “Just give us a 40k bond” or “give us the minimum” or some other arbitrary amount or statement is thrown out without full knowledge of probate bond minimums or requirements. There are many different minimums in regards to probate…
