In North Carolina, there are several court and probate-related surety bond requirements. These regulations are often enforced by local superior courts and are broken into the following categories: probate/fiduciary bonds and civil/judicial bonds.
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Personal representatives (administrators and executors) are often mandated to hold a surety bond for the duration they are managing and closing an estate.
A guardian is someone assigned to take responsibility and make decisions for a minor or incapacitated person. Due to the risk of this role, a surety bond may be enforced.
Trustees are often asked to provide a surety bond to guarantee a level of protection for the trust’s beneficiaries and assets.
Fiduciaries appointed to manage funds for a Department of Veteran Affairs beneficiary must obtain a surety bond if they manage over $20,000 in funds.
The appellant must provide this bond to appeal a lower court's judgement, to guarantee payment should the higher jurisdiction reach the same decision.
A lien bond is a court-approved surety bond for a defendant wishing to discharge a lien against property.
Keep possession of property by countering a replevin move by requesting the use of a counter replevin bond from the court.
In order to take possession of property held by another prior to a court's decision, a Replevin Bond can be utilized to retake possession.