Court bonds or judicial bonds or court surety bonds, are generally required in court dealings to ensure security from a possible loss. For example, they guarantee the payment of costs associated with appealing a lower court’s decision. Or they might be used to ensure that a defendant returns for trial. Court bonds can be a monetary or non-monetary bond.
Court procedures often require certain parties to file surety bonds to verify their individual reliability and financial security. A bond might be required for many reasons such as to avoid the threat of financial loss following a court ruling or to guarantee completion of a court-appointed chores. Experts at Hassle Free Surety Bonds make sure you get the fast proceedings and best rate possible for your bond. So don’t hesitate and waste your precious time to get your free, no-obligation price quote.
This bond is required when a plaintiff wishes to attach the defendant’s property as security for a pending claim. A sheriff would take possession of the property prior to the case going to trial, and the bond guarantees that the principal/plaintiff will pay damages.
This bond requires the court-appointed Nominal of Personal Representative (Maryland) to use the estate to pay all debts owed by the decedent as well as the Maryland inheritance tax, court costs and register’s fees. The bond helps to prevent fraud or embezzlement.
Before courts agree to hear a case on appeal, many will require individuals to post a surety bond. An appeal bond’s purpose is to guarantee the original judgment will be paid in full if the appeal is denied. These bonds essentially discourage individuals from filing frivolous appeals that would waste the court’s time.
This surety bond type ensures that an appointed custodian will care for an individual and his or her finances honestly and according to court expectations. These bonds are frequently required of custodians who care for minors, the elderly or disabled individuals.
This bond ensures that estates are managed according to the wills of the deceased. Before an individual can officially be appointed as an executor, the court responsible for the estate might require a surety bond to be filed.
This is an umbrella term for bonds that guarantee individuals will fulfill court-appointed tasks, such as managing an elderly individual’s property and finances, ethically and in accordance with the court’s instructions.
This type of bond ensures that a person in jail will appear in court after being released back into the public. If the accused person fails to appear, the bail amount will be forfeited to the court. SuretyBonds.com does not currently issue bail bonds.
In 2011, the U.S. Department of Veterans Affairs began allowing veterans’ friends and family members to act as their fiduciaries. This gave those closest to veterans the ability to retain control of their finances, estates and benefits.
This bond ensures that an appointed guardian will care for another individual and manage their property and/or finances ethically and according to court expectations. Guardianship bonds are typically required of those who care for minors, the elderly or disabled individuals.
This is a generic term for bonds that guarantee individuals will fulfill court-appointed tasks, such as caring for a minor, honestly and according to the court’s instructions. The terms “probate bond” and “fiduciary bond” are used interchangeably.