Serving Lawyers’ Bond Needs for Over 70 Years

Needed in a worker’s compensation appeal case. The bond amount will range from $1,000 to a maximum of $75,000. The bond guarantees that all costs of the appeal will be paid in full.

Needed when one dies intestate, or dies without a valid will. A court appointed administrator must carry out the responsibilities according to probate law. The amount of the bond needs to be 1.5 times the amount of the personal property plus the annual income from real estate.

A court appointed guardian is needed in some instances for a minor or incapacitated adult. When a minor receives an inheritance or reaches a settlement, the guardian needs a bond to protect the minor’s assets. Minor settlements can be heard either in civil or probate court. If it is settled in probate court, the minor must be present for the judge to give a proper settlement amount.

The bond must be 1.5 times the settlement unless it is a structured settlement. If it is a structured settlement then only the minimum bond of $1,000 is needed. If only one parent is the guardian, the other parent must be notified.

It is recommended that the lawyer goes to the bank to open the account in the minor’s name with the guardian.

When the guardian opens the account themselves, the higher the risk that the funds get misplaced. After the account is open, vouchers may be presented to the court with all withdrawals subject to further order of court.

The bond must be 1.5 times the personal property. When you receive the court date, present the summons for the guardian disabled to the sheriff’s office.

A GAL will then be appointed by the judge to file a third party report to determine whether a guardianship needs to take place along with a licensed physician’s report.

In order to file, present a cover sheet, three copies of the petition with exhibit A, and Order Appointing Guardian, Summons for Appointment of Guardian of Disabled, Order Appointing Guardian Ad Litem for Alleged Disabled Person (filled out to the best of your ability)

Needed when personal property was wrongfully taken or held by a defendant. The plaintiff must give a five day notice and summon the sheriff, or other officer, to retain the property.

Needed when the court appoints a receiver to avoid bankruptcy, or when a company needs help during their restructuring process. The bond secures the receiver’s obligation with the liquidation of the company’s assets.