ERISA Fidelity Bonds # 10 Facts Plan Sponsors Need To Know

Compiled with guidance from accountants, attorneys, and ERISA compliance experts If you sponsor a workplace retirement plan — a 401(k), profit-sharing plan, or similar arrangement — you carry one of the most consequential legal obligations in employment law. Embedded within...

Article

Civil Lawsuits and Court Bonds: An Overview

Simply put, a civil lawsuit is a legal dispute between individuals, businesses or government entities. Instead of prosecution for criminal charges, a civil lawsuit seeks resolution of a private dispute through compensation, enforcement of an action or the ceasing of...

Article

How Supersedeas Bonds Work in Civil Appeals

A supersedeas bond is a specific type of appeal bond that legally pauses ("stays") the enforcement of a monetary judgment while a civil case is reviewed by a higher court. It financially guarantees that the original judgment, along with interest,...

Article

What Are Probate Bonds?

A probate bond (also known as a fiduciary bond) is a type of surety bond required by a court to guarantee that an estate's executor, administrator, or personal representative fulfills their duties legally and ethically. Ultimately, it protects the estate's...

Article

Snapshot: Bonds Used In Civil Litigation

Civil court bonds are a type of surety bond that can be ordered by the court to safeguard the position of either a plaintiff or defendant, while minimizing the risk to the other, until a final decision is made. Types...

Article

Understanding Probate and Probate Bonds

When we die, our financial affairs (aka “estate”) must be settled. To ensure that is done properly, fairly, and in accordance with the law, the public process of probate exists. Simply put, probate is the court-supervised process for bringing closure...

Article

Civil Court: Understanding Injunctions and Injunction Bonds

In civil litigation, courts can issue injunctions to prevent defendants from taking actions that cause irreparable harm to plaintiffs—such as halting construction projects or pausing business deals. Depending on the timing it involves, an injunction may be classified as an...

Article

Racing The Clock: Appeal Bonds to Stay Judgment 

When a civil trial concludes with an order for the losing party (the judgment debtor) to pay a significant sum to the winner (the judgment creditor), the clock begins to tick on both the appeal and the collection process. It...

Article

Wills: The Role of Executor and Executor Bonds Explained

In most families, someone will have to take on the role of executor, at least once in a generation. Why? When a will is written, the testator (aka person creating the will), must name a responsible adult to execute it....

Article

Estate in Conflict? A Guide to Probate Litigation and Court-Required Bonds

In most families, when a loved one passes away, the goal is to honor their legacy and intentions and ensure a smooth and peaceful transition of assets. Unfortunately, however, sometimes confusion, concerns, conflicts or other challenges can lead to probate...

Article