Bonded Representative

Having an estate plan in place allows your estate to be administered according to your wishes. Most people agree having an estate plan is something that is very important and acknowledge they need to put one into place. Sadly, only 36% of adults in the United States have an estate plan.

One of the reasons people have not put an estate plan in place is they do not have anyone they can feel they can select as their Executor, Trustee, or Power of Attorney. Individuals who serve as an Executor, Trustee or Power of Attorney need to be responsible, reliable and honest. The lack of a responsible, reliable and honest person or persons to serve as the Executor, Trustee or Power of Attorney can be a huge issue for someone who wants to put an estate plan in place. If you are single, have no children or family members, married with no children, or feel uncomfortable asking a friend to serve as an Executor, Trustee or Power of Attorney of your estate, you may feel you have no solution to having an estate plan in place due to a lack of someone to serve as Executor, Trustee or Power of Attorney. A solution to the problem is to use a bonded representative to serve as your Executor, Trustee or Power of Attorney. Stone Legal Group, PLLC is bonded and can serve as your bonded representative. A bonded representative is an individual or company who is insured by a bonding company, which means if any assets or funds are misappropriated, the bonding company will replace the assets or funds, similar to your homeowners or automobile insurance. Many times this individual may be an attorney or other experienced professional, as they are familiar with and well-versed in the requirements needed in order to serve as an Executor, Trustee or Power of Attorney. In order to be bonded, an individual must submit an application and supply information about their background, finances and criminal record to the bonding company to make sure the individual is responsible, reliable and honest before the bonding company will agree to insure them. Once the individual has passed the underwriting phase and pays the required premium, the individual would then be considered bonded. The advantages of having a bonded individual to serve as your Executor, Trustee or Power of Attorney is not only do you get a knowledgeable individual to take care of your business, trust or estate, you also get the added peace of mind that the individual you have selected as your Executor, Trustee or Power of Attorney has insurance behind them protecting your assets. This means your assets will be protected while your Power of Attorney is handling your affairs due to incapacity, illness or injury. Your heirs and beneficiaries are also protected and can be assured they will receive their inheritance or bequest from your estate or trust.

Stone Legal Group, PLLC has served as an Executor for many individuals to administer the probate of their Last Will and Testament when they had no one they could rely on or trust to perform the duties of Executor of their estate. In addition, Stone Legal Group, PLLC has served as Trustee to administer trusts that have been created under a Last Will and Testament, were free standing or as the Trustee for trusts already in existence when the Trustee was no longer able to serve. Stone Legal Group, PLLC has also served as a Power of Attorney for individuals who had no family or loved one to serve and take care of their business and affairs.

Do not let the lack of a qualified individual to serve as your Executor, Trustee or Power of Attorney prevent you from putting an estate plan into place so that your legacy and the future of your loved ones are protected. If you do not have a family member or a trusted friend to handle your estate, trust or be your Power of Attorney, contact Stone Legal Group, PLLC for assistance. Using a bonded representative can be the solution you have been looking for to finally put your estate plan into place.

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I've worked in the legal field for 30 years and I've known Tom Stone for more than 25 years. He has drafted estate planning documents not only for me but for family members and friends. He takes the time necessary to listen to his clients, to gather all of the information needed, and prepares high quality, professional estate planning documents that I know comport with my wishes and which I can rely upon to take care of my family. When people ask me for a recommendation for an estate planning attorney, I never hesitate to give them Tom's name.
Maxwell Shannon
Paralegal / LG&E-KU
Thomas Stone has always provided great service in our personal and professional lives. We highly recommend Mr. Stone for any legal need.
James Mulcahy
Owner / Wizard Graphics
Tom Stone has given me both personal and professional legal advice. When my mother became ill and needed to be put in a Nursing Home, Tom gave me advice about the necessary powers of attorney that we would need to both be able to administer her affairs and protect her finances.
Barbara Peper
Workers' Comp Claims Adjuster / KESA
Tom prepared a will for me. He made the process simple, quick and easy. I'm so thankful that its done and it's one less worry for me.
Donna Tribble
I had a very positive experience with the Stone Legal Group. Making out a Will can be very personal and at times emotional. Tom was very thorough and actually made it quite easy. I feel good that I have everything in place for my family for their future. Thank you Tom.
Lisa Bliss
Dietitian
Tom provided great insight and direction in multiple situations. He helped me navigate the administrators responsibilities for my father's estate. He explained different options for distribution of assets. Personally he helped to amend my Living Trust and other documents. His advice is non biased but thoughtful. I would and have recommended him to colleagues and friends.
Paula Bruggensmith
Physician

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Stone Legal Group, PLLC
(502) 326-5550
(502) 326-5550