The Need for Fiduciary Liability Insurance is Greater than Ever
A fiduciary’s liability is one of the most misunderstood areas of exposure for those involved with retirement plans. If your company is a small company, it is particularly important to consider the fact that as…
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Why Do Courts Require Surety Bonds?
Court bonds, such as appeal bonds, may be required in court proceedings to enable a party to pursue a remedy in court. Fiduciary bonds guarantee the faithful performance of court appointed fiduciaries such as executors,…
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Guidelines for Trustees
Trustees are responsible for handling assets held in trust that they themselves act as the legal owner of as a trustee. They handle tax filings for trusts and distribute assets to beneficiaries according to the…
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Appeal Court: Process and Next Steps
So you’re filing an appeal after losing your case in a lower court. What happens when you get up to the appeals court? Is it any different than a standard civil trial? The appellant, the…
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Surety Bonds & Starting a Business
So you wake up with a great idea, create a business plan, get backers, and are about to finally start your own business. There’s one thing you may need that you probably don’t know about:…
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A Guardian’s Requirements in New York Surrogate’s Court
When someone is found to be incapacitated or unable to make key decisions for themselves, the New York Surrogate’s Court may appoint that person a guardian. What does the court require you to do to…
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Executors in New York Surrogate’s Court May Need Surety Bonds
In New York Surrogate’s Court, it’s not uncommon for boilerplate language to be written into a will that waives the requirement for an Executor to have to purchase an estate surety bond to protect the…
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Guidelines for Executors
When you’re named the executor of a will, you have to manage the affairs and settling of an estate. You have to initiate court procedures and help pay off creditors using the deceased’s assets. So…
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The Probate Process With a Will
When a person dies, they may or may not die with a last will and testament. When someone dies without a will, or intestate, property is distributed according to state probate law. However, when someone…
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