Court & Fiduciary Bonds

Court Bonds

Court bonds are required in some action of law and generally are listed as Plaintiff and Defendant bonds in litigation to protect the opposing party from loss. In an event that the plaintiff fails to show a legal entitlement to the remedy sought, the court bond will act as a guarantee that the winning party will receive their due payments.

Various types of court bonds

  • Injunction Bonds
  • Appeal Bonds
  • Appellate Bonds
  • Indemnity to sheriff Bonds
  • Mechanic’s lien Bonds
  • Attachment Bonds
  • Replevin Bonds
  • Admiralty Bonds
  • Probate Bonds
  • Conservation Bonds
  • Insolvency Bonds
  • Administration Bonds

Fiduciary Bond

Also known as a Probate bond, a fiduciary surety bond guarantees faithful performance of duties by anyone legally entrusted with the care of an adult or minor. For example, probate bonds are used for protecting property and people when death occurs. Upon death, if the deceased failed to name an executor, the probate court will appoint one. The probate court handles the deceased estate and a probate bond is used to secure the performance of an estate’s executors. Fiduciaries are often required to post a surety bond to protect against un-faithful performance of their duties. Fiduciary bonds or probate bonds can be required by courts, legal documents and or statutes to give family members, heirs, etc the ability for legal and financial recourse should the executor act in an unfaithful performance of their duties.

Various types of fiduciaries

  • Administrators
  • Executors
  • Guardians
  • Trustees of a will
  • Liquidators
  • Receivers
  • Master's judicial proceedings
 

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