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What is a Court Bond? A Simple Court Bond Definition
A court surety bond ensures you will fulfill your responsibilities as ordered by law, state or federal courts. These bonds can be required for a variety of circumstances, with the most common examples being if you need to appeal a court decision, become a legal guardian of a minor/disabled individual or operate as a fiduciary of an estate. Please see the full list of court bonds below or you can read our guide to learn more about how surety bonds work.
Court Bond Types
Bankruptcy Trustee Bond - These bonds ensure that the trustee will uphold all of their responsibilities as ordered by the court.
Fiduciary Bond (probate bond) - This lets you operate as a fiduciary or executor of an estate of the deceased (also known as estate, executor or fiduciary bonds).
Guardianship Bond - Allows you to be the legal guardian of a minor or disabled individual.
Injunction Bond - This bond allows a defendant to recoup any losses suffered if the court rules that the injunction in question should not have been arranged.
Receiver Bond - These bonds ensure that the receiver upholds their responsibilities of the receivership in question.
Replevin Bond - These bonds allow a plaintiff to take possession of a piece of property that the defendant has possession of before a court case begins.
Appeal & Supersedeas Bond - This allows you to appeal a decision in a court of law.
What Does a Court Bond Cost?
Surety bond costs are a percentage of the bond amount that’s required of you, but the percentage will vary depending on which court bond you need. You can get an instant ball park price by using our free bond cost estimate tool. You can also apply online to get a firm court bond quote.
Probate bond pricing is mostly based on personal credit, but the circumstances and complexity of the estate will also affect the cost. Appeal bond costs are determined by the strength of your business financials. Lastly, guardianship bond pricing is based mostly on personal credit and the applicant’s character. If you have any questions, please take a look at our most frequently asked surety bond questions, or contact us for help.