Court, Judicial, and Fiduciary (Probate) Bonds
Court bonds are those bonds prescribed by statue or required by the courts. They are further broken down into judicial bonds and fiduciary bonds.
Fiduciary or Probate Bonds, are filed in probate courts and courts that exercise equitable jurisdiction; they guarantee that persons whom such courts have entrusted with the care of others' property will perform their specified duties faithfully.
Judicial Bonds, arise out of litigation and are posted by parties seeking court remedies or defending against legal actions.