Louisville Kentucky Fiduciary Bond

Name: Louisville Kentucky Fiduciary Bond
Brand: US Legal Forms
Rating: 4.79 (331 reviews)

Category:

Kentucky Local County - Fayette Circuit Court

State:

Kentucky

City:

Louisville

Control #:

KY-AOC-825

Format:

Instant download

This website is not affiliated with any governmental entity

Public form

Description

This Fiduciary Bond is an official form used by the Commonwealth of Kentucky, and it complies with all applicable state and Federal codes and statutes. USLF updates all state and Federal forms as is required by state and Federal statutes and law.

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FAQ

Cash bonds: These can be posted in two ways. This can be done either at the jail in which the defendant is located or at the District Courthouse in that county. Most often these will be a full cash bond which requires the entire amount of the bond be paid at once.

Rather, bonding is required because experience has shown that when people are entrusted with the money or property of another, there will be instances when individuals will cause a loss through fraud or dishonesty. Bonding is therefore required to insure the union against such a loss.

A fiduciary bond guarantees that a fiduciary appointed by a court (such as an Executor, Trustee, or Guardian) will fulfill their legal duties and comply with fiduciary regulations. They also guarantee that the fiduciary will carry out their duties in good faith, honestly, and with integrity.

When the court case is over, the bail money is paid back even if the accused is found guilty. Bail money will however not be paid back, if the accused does not come to court on the day of their court case, or if they break any of their bail conditions such as if they interfere with any witnesses.

If you have posted a property bond, you do not need to return to the office as the lien will be automatically released. You must have a government-issued photo ID and your receipt to get the bond refunded. You can have your bond refund mailed to you.

The amount of coverage required is $1,000 and is established by the county clerk. Kentucky notary bonds cost between $80 and $120, depending on the selected amount of errors and omissions coverage.

You will pay a bail bond premium, which is 10 percent of the total bail amount. This amount is non-refundable and is the fee that you agree to pay for the use of a bail agent's services. On the other hand, if you post cash bail, you can expect to receive your money back if you pay bail.

Bonds are only refunded via a check made payable to the Surety listed on the bond sheet, unless a notarized bond assignment is on file with the Circuit Clerk's office. A Photo ID of the surety is required to pick up the bond.

What Do Kentucky Surety Bonds Cost? Surety bonds generally cost 1-15% of the required bond amount. Costs vary significantly depending on the bond amount you need and your rate (which is the percentage of the full bond amount you must pay).

More info

As Principal, and in the City of. For example, both Lexington and Louisville specify bonds for HVAC companies.Galt House Hotel. To post surety on the fiduciary bond which amount is initially determined based on the personal property information provided in the probate petition. Fill out all of the information requested (some items are a repeat from the paper application). Alliant Insurance Services has announced the acquisition of L A Surety, a professional surety bond agency based in Louisville, KY. LOUISVILLE, Ky.(BUSINESS WIRE)May 22, 2019. Bonds. How Can an Insurance Agent Obtain a Kentucky Auto Dealer Surety. Bond? Operator of a surety bond agency located in Louisville, Kentucky. Protect the obligee from financial losses in the event that one of your employees steals from them, or commits fraud.

Louisville Kentucky Fiduciary Bond

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What does cash bond mean in KY?

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How does a fiduciary bond work?

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How much does a $1000 surety bond cost in Kentucky?

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How do I get my bond money back in Kentucky?

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