The judiciary requires a surety bond to help protect property or money. Some of the most common surety bonds include:
Appeal Bonds (or Supersedeas Bonds)- stop judgment enforcements and guarantee payment when appeals are lost.
Attachment Bonds (or Replevin Bonds)- help seize defendants’ property, which plaintiffs can later sell or transfer.
Injunction Bonds or (Temporary Restraining Order (TRO) Bonds- Can prevent a defendant from harming a plaintiff’s assets or reputation.
Probate courts require Administrator Bonds or Executor Bonds if someone dies without a will, or if the executor of the estate is not named in the will and/or lives out-of-state. Minors who receive money or incompetent adults need Guardian Bonds to secure their assets. The guardian safeguards assets set and controls expenditures. Eligible bondholders should have good character and credit history.
At Oswald, we work closely with our Lawyers Professional Liability Practice and can provide the expertise needed to complete the task.
Please contact me at Oswald Companies for more information on Surety Bonds.