There are a variety of surety bond requirements in Kentucky related to court rulings and district court mandates. These regulations are often enforced by state, county, and local 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 in Kentucky.
A guardian/conservator is someone assigned to manage the personal or financial affairs of individuals considered “wards” of the state. 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.