Court Bonds guarantee concerning ligation such as: (a) Appeal Bond which guarantees that a judgment will be paid if an appeal is lost in a higher court; (b) Plaintiff’s Replevin Bond, which guarantees that damages will be paid if the replevin action is wrongfully brought; (c) Removal Bond, which guarantees that damages will be paid if improper removal actions are taken.

Guardianship Bond insures that an appointed guardian will correctly manage the finances of the individual. This type of bond is also known as custodian bond.

Custodian Bond, a type of Probate Bond, guarantees faithful performance of duty by a fiduciary appointed by the court to administer the estate of a minor or incompetent person. The Custodian Bond is synonymous with the Guardianship Bond.

Probate Bond is also known as the estate, executor, and fiduciary bonds. These bonds are required to be purchased is a person responsible for distributing a person’s estate after they die. The probate bond protects the deceased’s assets.

Most Court Bonds are Issued on the Same Day.

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Types of Court Bonds:

Custodian Bond

The custodian bond insures that an appointed guardian will correctly manage the finances of the individual. This type of bond is also known as guardianship bond.

Appeal Bond

Guarantee of payment of the original judgment of a court. When a judgment is appealed, a bond is usually required to guarantee that if the appeal were unsuccessful, funds would be available to pay the original judgment as well as the costs of the appeal. This serves to discourage an individual from appealing merely to stall for time or for frivolous reasons.

Probate Bond

The probate bond is also known as the estate, executor, and fiduciary bonds. These bonds are required to be purchased is a person responsible for distributing a person’s estate after they die. The probate bond protects the deceased’s assets.

Guardianship Bond

The guardianship bond insures that an appointed guardian will correctly manage the finances of the individual. This type of bond is also known as custodian bond.

Most Common Court Terms and Definitions:

Administrator: Principal has been appointed to handle the estate of the deceased.

Executor: Principal has been appointed through a will to handle the estate of the deceased (and you must submit a copy of the will.)

Conservatorship: Principal has been appointed by the courts to handle the assets of a person who has been declared unable to handle their own affairs.

Guardianship: Principal has been appointed to protect the assets of a minor until they reach majority.

Trustee: Principal has been appointed through a trust to handle the estate of the deceased (and you must submit a copy of the trust.)