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…
. 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…
We regularly get requests from bond principal’s and attorneys to ‘cancel out’ a probate bond. Sometimes they’ll even just write ‘cancel’ on the bill. Believe it or not, we’ve even had a few ignore our advices, and the bonding company sent their accounts to collections! Although it may seem counterintuitive, the death of a ward…
Purchasing a probate court bond usually isn’t like shopping for car insurance. Many clients already have a relationship with an insurance agent who offers surety bonds, or the attorney does. But working with an agent with access to multiple bonding companies is important. A probate bond specialist can help you find the right option for…
