SURETY SOLUTIONS BLOG

What Is A Cost Bond?

By Crystal Ignatowski on Feb 16, 2017 6:15:00 AM in

Court Bonds

  What is a Cost Bond?   A Cost Bond is a type of surety bond that guarantees payment of court expenses. Usually Cost Bonds are required by plaintiffs who file action within a state that they do not live in, though some states may require a cost bond for state residents as well....

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What Is A Discharge Of Mechanic's Lien Bond?

By Crystal Ignatowski on Feb 6, 2017 4:56:00 PM in

Court Bonds

  Mechanic’s liens, despite their name, are not typically used by mechanics. Instead, they are used primarily by builders, contractors, subcontractors and suppliers. Builders, contractors, and suppliers can use mechanic’s liens as a method to ensure they get paid for their services and materials.   ...

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How Much Does A Conservatorship Bond Cost?

How much does a Conservatorship Bond cost? Conservatorship can be costly because there are fees that are incurred before conservatorship is actually established by the court, and also ongoing fees that continue during conservatorship....

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Understanding Underwriting For Court Bonds

By Crystal Ignatowski on Jan 5, 2017 4:42:00 AM in

Court Bonds

  What is underwriting in insurance? Underwriting in insurance is risk evaluation. Insurance underwriters work to determine the risk of potential clients. In the surety bond industry, it is no different. Surety bond underwriters evaluate the risk of approving clients for surety bonds. When it comes ...

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What Is A Writ of Certiorari Bond?

By Rick Marsland on Dec 30, 2016 2:24:00 PM in

Court Bonds

  What is a Writ of Certiorari? A writ of certiorari is a way to have a higher court review the outcome of a lower court's proceedings. The word 'certioari' means "to be more fully informed". In this sense, a writ of cetiorari orders a lower court to deliver its record in a case so the higher court ...

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The Probate Process & How Probate Works

By Crystal Ignatowski on Oct 4, 2016 12:36:18 PM in

Court Bonds

  What is probate? Probate is the legal process that governs how a deceased person’s assets are distributed upon their death. One way to think about the probate process is that it acts as ‘the script’ for how things go after someone passes away.  ...

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5 Types Of Court Bonds And What They Do

By Duke Revard on Sep 6, 2016 7:16:00 PM in

Court Bonds

  If you have ever been in court, then you know that private matters can often come under scrutiny. While under oath, you can't avoid the topic. Because lawmakers know this, court bonds are often required to ensure protection against possible loss as a result of court proceedings. There are ...

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How Long Does It Generally Take To Get A Court Bond?

By James Fleming on Feb 26, 2016 3:56:00 AM in

Court Bonds

When you're in a position of responsibility, it often occurs suddenly. A relative passes away, and you become the executor of the will. A family member is unable to care for themselves, and you become the guardian of that individual. When you're in these moments, you need a court bond to assume ...

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Can I Reduce The Court Bond If The Estate Decreases?

By James Fleming on Jan 29, 2016 7:07:00 AM in

Court Bonds

  As the administrator, executor, or guardian of an individual who owns an estate, you have a responsibility to maintain these assets and ensure that the heirs or other individuals involved can benefit from the estate. If you're responsible for taking care of an estate over time, the value of the ...

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If the Estate Value Increases, Do I Need to Increase My Court Bond?

By James Fleming on Jan 22, 2016 11:54:00 AM in

Court Bonds

  When you're the executor of an estate, you have a responsibility to ensure that the estate's assets are distributed to the correct people. You also need to arrange to set a value on certain assets like a home, and you need to ensure that these assets are sold or passed on to others. If the estate ...

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