Court Bonds

While you can often appeal a legal judgment against you, you may still be liable for the payment of a large sum of money while that appeal process takes place.

A court bond allows you to delay the payment of the award made against you until the appeal process has concluded. Court bonds may be posted in relation to the decisions of tax tribunals, competition courts or civil courts. The amount of the bond is fixed by the court.

Our specialist knowledge of this sector allows us to write a much broader spectrum of fiduciary bonds than others, including long-term guardianships, non-court-controlled trusts, special needs trusts, and even unique appointments. We have several programmes facilitating the issuance of fiduciary bonds including:

• Professional fiduciary program me: Enrolment allows individuals carrying multiple fiduciary appointments to obtain pre-approval for a bond exposure limit.

• Limited control agreement program me: We have established monitoring programs with several brokerages that allow otherwise unqualified applicants to qualify subject to estate assets being placed with and monitored by such programs.

This product is only available in the UK.

Best for

• A party to a legal action who wishes to appeal a court’s decision and suspend a payment obligation

Highlights

• Court bonds
• Appeal bonds