Day: November 6, 2018

Finding the Right Bond For You

There are many types of bonds. They may seem the same, but surety and bail bonds are different. Surety bonds are used during mediation in the legal system. Bail bonds can help release a person from custody. Here are a few things to know about these bonds.

How Does a Bail Bond Work?

A person will use a bond bail to get released from police custody. With an arrest, the person is placed in jail. This person must go before a judge for a bond hearing. This hearing will determine if the person is eligible for bond. A judge will also set the price of the bond as well. If the person can pay for the bond, they are released from custody. Some people use the services of a bail bond agent. These companies charge a fee for their services. When the bond is paid, the person is released from custody until their court date.

How Does a Surety Bond Work?

Financial obligations can be guaranteed with a surety bond. A surety bond includes an agreement between three parties. The surety, the obligee, and the principle are the main parties in this agreement. The principal will take out the bond on the obligee. If the obligee fails to meet financial obligations, the surety will compensate for it. An indemnity agreement is included with all surety bonds. All the risk is on the principal with a surety bond.

Are There Different Types of Surety Bonds?

There are four different surety bonds. Contract bonds are used for those providing a service. Contractors and construction companies are covered under this bond. This guarantees that the work will be completed. A commercial bond is used for licensed companies. Companies must comply with all required codes and regulations. Businesses that work with money will take out a fidelity bond. This bond protects them from employee theft. A surety bond can also be used in court as well. It protects a person or company from a financial loss.

If you need surety or bail bonds Washington PA, there are options for you. You can find the right company to meet your bond needs.

Hiring Legal Counsel for Probate Matters

When you have a sizable estate, you may want to divide it up carefully among your heirs. You do not want one person to get all of it. You also do not want someone in your family to decide who gets what after you are gone.

However, these scenarios are likely to happen if you die without a will. When you need to hire a lawyer for probate matters, you can find qualified counsel by calling the state bar, using family or friend referrals, or going to holadylaw.com today.

Creating an Ironclad Will

One of your biggest worries might involve your will being contested after you are gone. You might imagine one or several of your heirs contesting the will in court and demanding more than you left for them. This contest would put the worth of your estate as well as the inheritances of the others you name in the will at risk.

Rather than draw up a will on your own, you might create the ironclad will you want by hiring an attorney to assist you. Your attorney knows the probate laws in your state and understands how they pertain to the estate you are going to leave behind after your passing. With his or her help, you can use the probate laws to your advantage so your will cannot be contested.

You also may want to have the taxes taken out of your estate so your heirs do not have to pay inheritance taxes on their own. You want them to enjoy what you have left them rather than worry how much it will cost them during the next tax season. Your attorney can make sure the taxes are taken out before the estate is distributed among your heirs.

Probate law can be complicated and difficult to understand. You can use the laws in your state to your advantage by hiring a lawyer in this specialty. Your attorney can carry out your final wishes and help your estate avoid contests and expensive taxes that the people you name as heirs might have to pay otherwise on their own.…

Find the Right Bail Bond for You

It can be stressful to get out of police custody. A bail bond agent can take the frustration out of the process. You can secure a bond on your own or with an agent. Before you get a bond, make sure you have the right bail for your release.

Cash Bond

Cash bonds are the easiest to obtain. Cash, check, or a credit card can be used to secure your release. Some jails have rules about the type of payment that they can accept. It is always recommended to check before heading down to the jail. If you are short on money, a bail bond agent can help you with the bail.

Surety Bond

Bail bond agents use surety bonds. This is the most widely used type of bond. The bond can be secured with the bail agent for a 10 percent payment. The agent’s company covers the rest of the bond. You must make sure to show up at the court date or risk arrest.

Property Bond

Property bonds are used for those who don’t have liquid assets. These bonds do take time to process. A court date must be scheduled. The property values will be assessed during this time. Property bonds are handled through the court system. The timeframe for release varies from a few days to several weeks.

Federal Bail Bond

If you are arrested on a federal crime, you will need a federal bond. A bail bond agent cannot help you. These bonds are handled through the courts. This bond can be secured with property or cash.

Citation Release

A citation release is the best type of bond. It requires no cash transaction on your part. The reporting officer writes a paper citation with your scheduled court appearance. You do have to show up for court or face serious legal consequences.

If you need to secure a bail bond, click here. A trained agent can help you to get the right bond for your situation.…