Probate bonds can impose substantial costs and complications on individuals undergoing the probate process. These bonds are mandated by the court to guarantee that the executor or administrator of an estate fulfills their responsibilities and protects the assets involved. However, there are strategies that may help you avoid the need for a probate bond altogether….
In 1849, the State of New York was the first to pass an insurance law in the United States. Shortly thereafter, in 1851,the first insurance regulator was created in New Hampshire. Ever since then, trends and preferences in risk management have oscillated between different ideas. One of those ideas is payment and billing. Agency Billed…
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…
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….
