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fiduciary bond

Guardianship Surety Bond (Fiduciary Bond)

“Legal guardianship” is a court granted authority in which a responsible person (a “fiduciary”) is appointed to manage the financial affairs and property interests of a third party (a “ward”). A guardianship bond is often required to protect the ward’s… Continue Reading →

ERISA Fidelity Bond Reminder 2015

ERISA Fidelity Bonds






ERISA Fidelity Bond Reminder for 2014.

Do you have the statutorily required ERISA fidelity bond in place?  The first of the year is a good moment to review your compliance checklist!  Federal ERISA section 412 and related regulations (29 C.F.R. § 2550.412-1 and 29 C.F.R. Part… Continue Reading →

New York Administrator Bond (Surrogate Court Bond)

In brief, an appointee must provide a New York administrator bond before letters of administration in a probate matter can be issued (N.Y. SCP. LAW §805), known as the New York Consolidated Laws Surrogate’s Court Procedure Act (Surety bond of administrator,… Continue Reading →

Michigan Personal Representative Bond

In probate proceedings a Michigan personal representative bond is required only under specific circumstances.  The surety bond requirement is first addressed in Section 700.3603, which states that a bond is generally not required of a personal representative appointed in informal proceedings,… Continue Reading →

Probate bonds with credit problems.

Have you applied for a probate administrator bond or personal representative bond and been declined for credit reasons?  As a probate fiduciary your history of personal financial responsibility is very important, but if you have some credit problems it doesn’t… Continue Reading →

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