Bonds Quote Forms
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A fiduciary is an individual who is granted power over another person’s interests or assets and is bound by a legal or ethical relationship of trust. Typically, a fiduciary takes care of another person’s money when they no longer can. A fiduciary bond, also known as a probate bond, is a type of court bond that guarantees that the fiduciary will execute his/her court-appointed duties faithfully and honestly.
Fiduciary bonds are also known as probate bonds, executor bonds, administrator bonds, conservatorship bonds, guardianship bonds, and many others, depending on the nature of the fiduciary relationship.
License and Permit Bonds:
These bonds are required of those who must obtain licenses or permits from cities, towns, or political subdivisions before they can proceed with various activities. These bonds, although used for a variety of purposes, usually guarantee that the persons who post them will comply with statutes, regulations or ordinances that regulate their activities. An operator of a liquor store, for example, may have to post such a bond guaranteeing that liquor will be sold in strict compliance with alcoholic beverage control laws. Electricians and plumbers also must post these bonds guaranteeing that their work will conform to the specifications of a given building code.
Some bonds we handle include, but are not limited to, the following:
- Contract performance bonds
- Fiduciary/Probate bonds
- Public Officials bonds
- Bid bonds
- Maintenance bonds
- Payment bonds
- Supply bonds
- License and permit bonds
- Miscellaneous bonds
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