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what-is-a-bail-agreement

What is a Bail Agreement?

By | Bail Bond in Fresno, Bail Bond News, Bail Bonds in Bakersfield, Bail Bonds in Los Angeles, Bail Bonds in Tulare, Bail Bonds In Visalia

Most of us have watched enough procedural shows to know that bail is what you pay to be sprung from jail while you wait for your case to make its way to court. Most of us also know that a bail bond agency, like Carl’s Bail Bonds in Los Angeles, is a business that helps you cover the cost of your bail. In most situations, that’s is where our knowledge ends.

Very few people understand that before we can help bail you out of jail you’ll have to sign a bail agreement.

If you’re wondering what a bail agreement is, you’re not alone. It is seldom explained properly.

The bail agreement is a surprisingly simple contract that serves as a binding legal document between you, the Indemnitor, and us, the bail bond agency that wants to help you reunite with your loved ones.

The agreement is very clear. Every single aspect of our relationship is carefully spelled out. The bail agreement discusses the terms of your bail, serves as an agreement that you’ll attend all of your mandatory court dates and lays out the bail payment plan we agree on.

We feel that it’s important that you understand you don’t have to sign the bail agreement right away. Take as much time as you need to review the information and decide if we’re your best option. We don’t want you to do anything you’ll regret.

When you sign a Carl’s Bail Bonds bail agreement, we want you to understand what you’re getting into. We encourage you to not only take our time and carefully read over the agreement but to also come to us with any questions.

Our willingness to discuss every single aspect of our bail bond agreement is just one of the perks you’ll enjoy when you turn to Carl’s Bail Bonds in Los Angeles for help with your bail situations.

We’re renowned throughout California for our excellent service which includes:

  • 24/7 Bail bond service
  • 20% Discount
  • Phone approvals
  • 0% Interest payment plans
  • Free consultations
  • No hidden fees
  • No collateral required for working signers
  • Habla Espanol

Carl’s Bail Bonds in Los Angeles is a family-owned business that has decades of experience helping people just like you. We’ve enjoyed a solid reputation for being a discreet bail bonds service that genuinely cares about our clients. When you contact us, you’ll enjoy working with a California bail bonds agency that has customized payment plans, a great attitude, and outstanding customer service.

Want to learn firsthand how easy we are to deal with?

Do you want a free consultation with a professional bail agent? If so, call (866)855-3186 or click Chat With Us now.

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What Happens to Debts Of A Deceased Person?

By | Bail Bond in Fresno, Bail Bonds in Bakersfield, Bail Bonds in Los Angeles, Bail Bonds in Tulare, Bail Bonds In Visalia, Carls Bail Bonds, Los Angeles Bail Bonds

Nothing about the death of a loved one is easy. Not only do you have to deal with your grief and sense of loss, but it also won’t be long before you find yourself trying to straighten out their finances and learning what debts they still owe. Figuring out the finances and making sure all outstanding debts are paid is stressful, time-consuming, and confusing.

The first thing you need to figure out which of your loved one’s debts have to be honored and which became irrelevant when your loved one passed.

Are You Responsible for the Debts?

While very few debts simply disappear when a loved one has passed, it’s unlikely that you’ll have to dip into your own bank account to pay them off. The only time you’ll have to dip into your own money is when you co-signed on a loan with the loved one.

The money from any outstanding debts your loved left behind comes out of their estate. Shortly after your loved one’s passing, public notices are issued. At this point, any creditors you’re loved one owed money to will have to contact you or the lawyer you’re using and alert you to the amount of the debt that’s still owed.

The Estate Enters Probate

Many people mistakenly assume that they’ll collect their inheritance within days of their loved one’s passing. That’s never the case. When you’re loved one passes, everything is put into probate. At this point, the person who has been assigned to act as executor of the will step in and starts managing the estate. If you’re the executor it’s in your best interest to obtain the help of an experienced probate lawyer.

The first thing that happens is that all of your loved one’s assetsthey acquired during their life are collected and valued. In this situation, the only assets that matter are the ones that have monetary value, such as houses, vehicles, investments, jewelry, life insurance policies, and bank accounts. Trinkets and non-valuable belongings can be distributed according to the will. If there’s not a will, the items can simply be divided between family members and friends.

The executor of the will (or the probate lawyer you’ve enlisted) contacts all of the creditors who are still owed money. The creditors have a time frame during which they are allowed to file a claim. If the claim is valid, the debt is paid via actual cash your loved one left or via the liquidation of their assets.

Ideally, there will be enough money to pay off all debts. If there isn’t, high priority debts are the first to be paid.

Examples of high priority debts include:

  • Mortgages
  • Bank loans
  • Student loans
  • Funeral expenses
  • Medical expenses
  • Unpaid taxes

It’s only after these debts are paid in full that credit card debt and personal loans are dealt with.

There are some things that aren’t entered into probate. These are considered “pass outside a will” assets. They include:

  • Life insurance policies
  • Brokerage accounts
  • IRAs
  • 401(Ks)
  • Payable on death accounts

Once all of the outstanding debts are paid off, any financial assets that remain are pooled together and distributed according to your loved one’s wishes.

what-is-required-at-the-time-of-signing-a-bail-agreement

What is Required at the Time of Signing a Bail Agreement

By | Bail Bond in Fresno, Bail Bonds in Bakersfield, Bail Bonds in Los Angeles, Bail Bonds in Tulare, Bail Bonds In Visalia, Carls Bail Bonds, Los Angeles Bail Bonds

One of the first big decisions you’ll have to make following your arrest is which bail bond company you want to work with. If you decide that Carl’s Bail Bonds in Los Angeles is best for you, the next step is signing a bail agreement.

The bail agreement is nothing more than a simple contract that lays out the limits of your bail, explains that you need to attend your court appearances, and outlines the payment plan we’ve designed for you.

The bail agreement uses simple language and is very clear.

Having everything you need at the ready when we present your bail agreement means we can go to work posting your bail so you can go home right away. Not having everything leads to a significant delay.

Here’s what you’ll need to have on hand when you sign your bail agreement

The first thing is 10% of your bail. This is our fee. In exchange for paying us 10%, we pay the court 100% of your bail. Remember, this is a fee. When your case reaches its conclusion, we keep the 10% fee.

Additional things you’ll need include:

  • Driver’s license or state ID number
  • Social security number
  • Proof of employment (if applicable)
  • Current address
  • Collateral (when applicable)

If someone is co-signing for your bail we will also need their information before we can finalize the bail agreement.

We want you to be comfortable with the terms of your bail and encourage you to ask lots of questions before you sign the contract. Once you have been released on bail, you’re free to contact us anytime that you need information about the contract.

Carl’s Bail Bonds in Los Angeles has been helping bail people just like yourself out of jail for several years. We have decades of experience and are the most respected bail bonds business in the region. The list of services our clients enjoy include:

  • 24/7 Bail bond service
  • 0% Interest payment plans
  • 20% Discount
  • No hidden fees
  • Online payments
  • Phone approvals
  • Working signers don’t have to provide collateral
  • Free consultations

We want to help you get out of jail as soon as possible and reunite you with your loved ones. The only way we can do this is if you contact us. When you do, you’ll be delighted with our outstanding customer service.

Do you want a free consultation with a professional bail agent? If so, call (866)855-3186 or click Chat With Us now.