Most court proceedings require that certain parties post surety bonds to limit the potential for the financial loss that could result from judgments. "Court Bond" is an overarching term that includes bonds used for a number of different court proceedings. The following bonds are among the most common bonds used throughout the court system:
Required to guarantee payment of the original judgment if the appeal fails. Appeal bonds discourage people from time-wasting appeals.
Posted to ensure that a person in jail will appear in court after being released back into the public. In the event that the accused fails appear, the bail money is forfeited to the court
Ensures that an appointed custodian correctly manages the finances of the individual. "Guardianship bond" and "custodian bond" and are often used interchangeably.
This bond ensures that an appointed guardian will appropriately manage the finances of another individual. The terms "guardianship bond" and "custodian bond" are often used interchangeably. SuretyBonds.com can issue guardianship bonds.
The executor bond – also known as an estate bond or probate bond or the more generic name - "fiduciary bond." Regardless of the specific bond name, all of these bonds function in the same capacity. These bonds must be purchased by the executor of a person's estate. The probate bond protects the deceased's assets.
This is the generic term for any bond involving an estate. The terms "probate bond" and "fiduciary bond" are often used interchangeably. SuretyBonds.com can issue probate bonds.
Generic bond type that guarantees an individual will perform duties, honestly – per the court's instructions. The terms "fiduciary bond" and "probate bond" are often used interchangeably.
VA Fiduciary Bond
In 2011, the VA began allowing veterans' friends and family members to act as fiduciaries, which gave those closest to veterans the ability to retain control of their finances, estates and benefits without having to pay the hefty fees charged by fiduciaries who work for the court. SuretyBonds.com can issue VA fiduciary bonds.