California probate bonding info? The purpose of a probate bond is a financial guarantee which ensures that an administrator, a guardian of minors, or whomever is appointed as an heir to an estate will act objectively, lawfully, and in accordance with the law in the administration of the affairs of an estate. Please see Article 5 of the California Probate Code. The bond protects any heirs from losses which occur as a result of theft, fraud, embezzlement, or otherwise unlawful management by an estate’s Representative (of whatever category).
Florida notaries whose notarial activities are either exclusively or primarily mortgage loan signings will probably be required (not by the state of Florida — but by the mortgage, escrow, or title company) to obtain an E&O policy. Our agency also offers E&O policies in various amounts. The E&O policies afford the notary certain protections which also reassure the companies which hire notary agents that they are protected against certain notarial missteps which may otherwise cost a notary or signing agency thousands of dollars.
The Virginia contractor license bond is a financial guarantee that a contractor will be in compliance with all statutes, amendments, additions, and deletions relating to any laws governing contracting in the Commonwealth. The protections afforded by means of this surety bond extend to residents of the Commonwealth and DPOR. The contractor surety bond, broadly speaking, protects against acts of theft, misrepresentation, malfeasance and misfeasance in the performance of contracting duties. Such protections also extend to wrongful acts committed by any employees, agents, and managers of a licensed and bonded contractor whose actions or misdeeds harm the public.
You are automatically approved for the $25,000 registration services bond. After completion of an application — which we’ll take from you over the phone — and payment of the premium, the bond is issued to you immediately. There is no credit check nor underwriter review for this bond. Once issued, a copy of the bond can be sent to you by email; however, it is the original bond — which you will sign as Principal — which you should file with the Department of Motor Vehicles. The original bond will be sent to you by the following business day. See extra information at read more here.
The probate bond is required pursuant to Florida Code, 733.402, and serves a financial guarantee for the Court (and any heirs) that you will faithfully perform your duties in accordance with all laws and directives of the presiding Court. Our agency offers you the Florida probate bond in any amount required of you; and up to, and inclusive of a $100,000 surety bond amount, we also do so without a credit check inquiry. Regardless of the amount of probate surety bond required, we’ll need all of the following in order to issue your bond: A copy of the Court Order which mandates obtaining surety. This order is important for obvious reasons, but it also provides us with other much-needed information that will also appear on your bond. In some very rare instances, a bond is required without a formal Court order; in which case it will be up to you to supply the missing information; A signed surety bond application. The application is short; in fact, we’ll complete much of it with you over the phone. The application, will, however, require your signature and that of a witness before it can be issued.
If your court-ordered requirement includes an amount greater than $250,000 surety bond, we will need the following: A copy of the Order appointing you as Administrator or Guardian, along with the surety bond amount required; A completed application. The application will need to be signed by you, and you will need a witness; Review of your application. This review includes a credit inquiry; good credit will be required in order to be able to be approved. We’ll also need the address where you are to send your bond; however, this may be found in the documents you present to us.
Setting up a retirement fund for your employees? You may need this fiduciary bond for your fund manager to comply with the Employee Retirement Income Security Act. If you’ve asked for a writ of attachment during your lawsuit, the court may require you to file an attachment bond to protect the defendant against undue losses. This bond is likely to be required if you are to become the executor of an estate. Ensure all interested parties that you will manage the estate correctly with a probate bond.