1. Fiduciary bonds
2. Court bonds
Fiduciary bonds guarantee the court appointed person will rightly care for another’s property. Some fiduciary bonds, such as probate bonds, are required for administrators, executors, and guardians.
Court bonds are bonds written in connection with a legal proceeding. There are court bonds for both plaintiffs and defendants. A plaintiff or defendant may need to provide a surety bond to protect the other party for loss due to a judge’s decision made prior to final judgment. These bonds renew yearly until the litigation officially ends.
What Are Surety Bonds For Judicial Proceedings?
A short list of bonds we typically underwrite:
Abandoned Property Bonds
Deferred Estate Taxes Bond (IRS)
Discharge of Mechanics Lien Bond
Guardianship Bond of Incapacitated People
License and Permit Bond
Lost Instrument Fixed Penalty Bond
Public Fund Raiser Bond
Preliminary Executor Bond
Qualified Domestic Trust Bonds (QDOT’s)
Receivers of Rents Bond
Receivers of a Business Bond
Security for Costs Bond
Site Improvement Bond
TRO Bond (Temporary Restraining Order Bond )
Waiver of Probate Bond
Yellowstone Injunction Bond