Court Bonds

Many court proceedings require court bonds to protect people from the financial loss that could come with the result of the proceeding. Court bond is also the umbrella term for the different types of bonds that are required to engage in legal proceedings.

There are different types of court bonds:

Appeal Bond

In the case that a judgment is appealed, an appeal bond is required to guarantee that the payment of the original judgment will be paid if the appeal fails. The appeal bond discourages people from time-wasting appeals

Custodian Bond

The custodian bond ensures that an appointed custodian will correctly manage the finances of the individual. You will often see a custodian bond referred to as a guardianship surety bond.

Executor Bond

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