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The Law of Probate Bonds

Jeffrey M. Frank, Sharon A. Sergeant (Herausgeber)

Buch | Softcover

333 Seiten

2016 | Second Edition
American Bar Association (Verlag)
978-1-63425-089-4 (ISBN)

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Providing a detailed discussion of all aspects relating to probate bonds, this handbook is written by a team of highly experienced attorneys and claims professionals. Its twenty chapters examine all topics relevant to the issues that arise in the use of probate bonds, including:* Public policy and the requirement for probate bonds* Underwriting and issuing probate bonds* Types of probate bonds* Claimants on a bond, and the conditions or requirements for claims on a bond* Statute of limitations on the surety's liability* Handling and disposition of fiduciary bond claims* Liability issues, including for money principal borrows, the surety's liability for acts before the bond was issued, and for misconduct of co-fiduciaries* Attorney neglect and bad acts on the surety* Fiduciaries serving estates in multiple capacities* The Prudent Investor Rule and exposure of the probate surety* Non-estate property obtained under Color of Office" * Prior judgment against the principal* Penal sum issues relating to probate bonds* Defenses available to the probate bond surety* Recovery and salvage* Probate surety and bankruptcy* Practical guidance on handling probate bond claims

Jeffrey M. Frank is Managing Partner of Alber Crafton, PSC, practicing in the Troy, Michigan, office. Sharon A. Sergeant is Claims Director for CNA Surety in its Sioux Falls, South Dakota, office.

Contents Chapter 1: Public Policy-Why Require Probate Bonds? Chapter 2: Underwriting the Probate Bond Chapter 3: Types of Probate Bonds and Rules of Fiduciaries Chapter 4: Claimants on a Bond Chapter 5: Procedural Prerequisites to Asserting Claims on Probate Bonds Chapter 6: Statute of Limitations: When the Surety's Liability Can Be Laid to Rest Chapter 7: Handling and Disposition of Fiduciary Bond Claims: Types of Claims and Damages Chapter 8: Bond Liability for Money Principal Borrows Chapter 9: Surety's Liability for Acts Occurring before Bond Was Issued Chapter 10: The Impact of Attorney Neglect and Bad Acts on the Probate Bond Surety Chapter 11: The Surety's Liability for Misconduct or Co-Fiduciaries Chapter 12: Fiduciaries Serving Estates in Multiple Capacities Chapter 13: Non-Estate Property Obtained under Color of Office Chapter 14: The Prudent Investor Rule and Exposure of the Probate Surety Chapter 15: Prior Judgment against the Principal and Its Effect on the Probate Surety's Liability Chapter 16: Penal Sum Issues Relating to Probate Bonds Chapter 17: Defenses Available to the Probate Bond Surety Chapter 18: Probate Bonds: Recovery and Salvage Chapter 19: The Probate Surety and Bankruptcy Chapter 20: Practical Guide to Handling Probate Bond Claims

Erscheinungsdatum	24.02.2016
Verlagsort	Chicago, IL
Sprache	englisch
Maße	152 x 229 mm
Gewicht	463 g
Themenwelt	Recht / Steuern ► EU / Internationales Recht
	Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht
	Recht / Steuern ► Wirtschaftsrecht ► Gesellschaftsrecht
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Versicherungsbetriebslehre
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
ISBN-10	1-63425-089-3 / 1634250893
ISBN-13	978-1-63425-089-4 / 9781634250894
Zustand	Neuware