Minnesota Estate Bond

Category: Uncategorized
Published: Jul 2, 2011
HB 804: Court Bond

If the value of a personal property or estate is expected to be at least $10,000 conservators for the estate must post a surety bond in that amount. Previous law provided for a bond to be posted when the proposed protected person petitioned the court to require one. This law applies to conservators appointed after August 1, 2009.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.

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