Court Bond
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Information on Court Bonding
SuretyBonds.com is legally licensed to issue court bonds in every state. For more information on the specific court bond you need, contact a surety expert by calling 1 (800) 308-4358.
Whether a bond is needed to reduce the risk of financial loss following a court ruling or to ensure fulfillment of a court-appointed task, court proceedings often require certain parties to file court bonds to verify their personal credibility and financial integrity.
What is a Court Bond?
A court bond is general term for all surety bonds an individual would need when taking an action through a court of law. These bonds may be needed to reduce the risk of financial loss or even ensuring fulfillment of a court-appointed task. Just like the terms contract bond, commercial bond, and license and permit bond, “court bond” is an umbrella term encompassing a range of specific bond types used for various court proceedings. Court bonds can then be split into two categories:
- Judicial Bonds
- Fiduciary/Probate Bonds
Learn more about the specific court bond types by clicking on the links below.
Judicial Bond Types
A judicial bond is a type of court bonds typically required to limit losses that could result from a ruling. Because surety underwriters cannot easily predict the outcome of court rulings, judicial bonds are more risk averse, making these bonds difficult to qualify for compared to other types of surety bonds.
- An appeal bond’s purpose is to guarantee the original judgment will be paid in full if the appeal is denied. These bonds discourage individuals from filing appeals that would waste the court’s time. Most courts will require individuals to post a surety bond in order to hear an appeal case. Click the link above for more information on appeal bonds, and how the surety specialists at SuretyBonds.com can help you get one.
Bail Bond
- A bail bond ensures that an inmate will appear in court after their release. If the accused person fails to appear, the bail amount will be forfeited to the court. SuretyBonds.com does not currently issue bail bonds.
- This bond is required when a plaintiff wants to attach the defendant’s property as security for a pending claim. The bond guarantees that the plaintiff will pay damages if the court determines that the property was wrongfully held from the defendant. Get a free quote for your plaintiff-attachment bond by clicking the link above.
Probate/Fiduciary Bond Types
Probate and fiduciary are interchangeable terms for bonds required of individuals appointed by the court to care for others or manage others’ assets. These bonds ensure that these individuals fulfill their court-appointed duties according to the court’s expectations.
- Custodian bonds ensure an appointed custodian will care for an individual and his or her finances honestly and according to court expectations. These bonds are frequently required of custodians who care for minors, the elderly or disabled individuals. The terms “custodian bond” and “guardianship bond” are often used interchangeably.
- An executor bond ensures that estates are managed according to the wills of the deceased. Before an individual can officially be appointed as an executor, the court responsible for the estate might require a surety bond to be filed. SuretyBonds.com issues executor bonds.
- This is an umbrella term for bonds that guarantee individuals will fulfill court-appointed tasks, such as managing an elderly individual’s property and finances, ethically and in accordance with the court’s instructions. The terms “fiduciary bond” and “probate bond” are used interchangeably. SuretyBonds.com issues fiduciary bonds.
- A guardianship bond ensures that an appointed guardian will care for another individual and manage their property and/or finances ethically and according to court expectations. Guardianship bonds are typically required of those who care for minors, the elderly or disabled individuals. The terms “guardianship bond” and “custodian bond” are often used interchangeably. SuretyBonds.com issues guardianship bonds.
Nominal Bond of Personal Representative (Maryland)
- This bond requires the court-appointed personal representative to use the estate to pay all taxes, associated court fees and debts owed by the decedent. In this situation, a personal representative is not indicated in a will, so the bond helps to prevent fraud or embezzlement. SuretyBonds.com issues nominal bonds in Maryland.
- Like fiduciary bonds, “probate bond” is a generic term for bonds that guarantee individuals will fulfill court-appointed tasks, such as caring for a minor, honestly and according to the court’s instructions. SuretyBonds.com issues probate bonds.
- This bond is the same as fiduciary bonds, except it allows veterans’ friends and family members to act as their fiduciaries. This gives those closest to veterans the ability to obtain control of their finances, estates and benefits to avoid paying extensive fees charged by fiduciaries who work for the court. SuretyBonds.com issues VA fiduciary bonds.
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
