After finding out a loved one has been arrested, it’s natural to want to help them as much as possible. However, finding the right way to help will be important. If they have been given bail they need to pay to be released and they cannot afford to pay the bail, helping them obtain a bail bond might be a good option. This allows the bail to be paid with just a deposit or collateral and enables the defendant to be released as fast as possible.
What is Required to Obtain a Bail Bond?
There are a few things that will be required before someone can obtain a bail bond. The co-signer who will obtain it will need to make sure they have the money for a deposit or find out what can be used for collateral for any licensed bail bonds crow wing county mn. They will also need information about their loved one, such as the jail they’re being held in, for the bond to be created. The co-signer will need to understand the terms of the bond as well as agree to accept the potential risks of the bond.
Benefits of Obtaining a Bail Bond
When someone helps their loved one by obtaining a bail bond, they’re making sure their loved one will be released as quickly as possible from the jail. They also are making sure the defendant can continue working so they don’t lose their income during the period between the arrest and the conclusion of the case. When the defendant is released, they also have the ability to hire a lawyer for their case, which means there’s a higher chance they might be able to avoid the most serious penalties, if they do end up being convicted of the crime.
Risks for the Co-Signer
Despite the many benefits, there are some risks for the co-signer. They need to ensure their loved one will follow all terms of the bond, including attending all hearings, to minimize the risks. If the terms are not followed, the co-signer may be required to forfeit any collateral they used to secure the bail bond. If they secured the bond using a deposit, they might be required to pay the remaining percentage. This could end up being quite a bit of money, so this is a risk the co-signer should be aware of so they can mitigate their risks as much as possible.
When the Bond is Finished
Once the bond is finished, the co-signer no longer has any responsibilities. They will receive any collateral used back again, so long as any fees for the bail bond have been paid. If they secured the bail bond with a deposit, they will not receive that money back as it is used as the fee for the bond. However, as long as the terms of the bond were followed, they will not owe anything further.
If your loved one has been arrested and you’re looking into ways to help them, it might be a good idea to look into obtaining a bail bond. This offers many benefits for your loved one and can be an easy way to give them the help they need. Speak with a bondsman today to secure a bail bond or to get answers to any questions you might have.