Luke Bochansky

(623) 533-3534

Court Bonds

Court or Judicial Bonds are required by a Judge as a part of legal proceedings. They ensure protection against possible loss as a result of the outcome of court proceedings. Court surety bonds guarantee that an individual or organization will fulfill their court ordered responsibilities.

The cost of a court bond is dependent on several factors including the bond amount, the credit worthiness of the person obtaining the court bond and the bond type itself. Court bonds are typically simplistic in nature and easy to process. The court order, or other document, displaying the bond requirement will be required by the Surety Company to quote and issue a court bond.

There are many different types of court bonds. Here is a list with general information on each of the most common types of court bonds.

  • Administrator Bond - this is a bond required for the administrator of an estate to ensure that this individual executes their duties according to the provisions of a will. The bond covers any financial losses to the estate die to dishonest or improper acts by the administrator.
  • Appeal Bond - also referred to as a supersedeas bond, this bond guarantees payment of final judgment and costs by an appealing party, in the event that a court orders them to pay the winning party.
  • Conservator Bond - also known as a Guardianship, Custodian or Trust bond. This bond ensures suitable management of the finances of a disabled individual or minor, while cooperating with a court order.
  • Custodian Bond - also known as a Guardianship, Conservator or Trust bond. This bond ensures suitable management of the finances of a disabled individual or minor, while cooperating with a court order.
  • Estate Bond - also known as a Probate, Executor or Fiduciary bond. This bond is a guarantee that a fiduciary or executor will appropriately handle the financial affairs of a deceased individual's estate.
  • Executor Bond - also known as an Estate, Probate or Fiduciary bond. This bond is a guarantee that a fiduciary or executor will appropriately handle the financial affairs of a deceased individual's estate.
  • Fiduciary Bond - also known as an Estate, Executor or Probate bond. This bond is a guarantee that a fiduciary or executor will appropriately handle the financial affairs of a deceased individual's estate.
  • Guardianship Bond - also known as a Custodian, Conservator or Trust bond. This bond ensures suitable management of the finances of a disabled individual or minor, while cooperating with a court order.
  • Probate Bond - also known as an Estate, Executor or Fiduciary bond. This bond is a guarantee that a fiduciary or executor will appropriately handle the financial affairs of a deceased individual's estate.
  • Receivership Bond - this bond is typically required of a court appointed receiver who has been charged with managing or liquidating a financially distressed business.
  • Replevin Bond - A bond serving as a legal remedy for a person to recover goods unlawfully withheld from his or her possession by another party. This bond may be required by the for any party who is suing another party to secure possession of property they believe they have a legal right to. This bond guarantees that if they take the possession in error and causes the other party damage, the bond will pay up to the penalty sum of the bond amount.
  • Supersedeas Bond - also referred to as a supersedeas bond, this bond guarantees payment of final judgment and costs by an appealing party, in the event that a court orders them to pay the winning party.

By: Luke Bochansky

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LukeBochansky

Luke
Bochansky
(623) 533-3534

About This Site

SuretyBonds.Biz is a website for Viking Bond Service, Inc. producers to provide information about frequently requested surety bonds in their words. Viking producers specialize in surety bonds of all types. Since bonds are the sole product provided by Viking, the producers are an excellent resource for information and assistance.