Why an expert bail bond agent can make a difference with million dollar bail bonds in California. Your first instinct when you are given a high bail bond to pay is disbelief. Million dollar bail bonds may sound like an unrealistic bail situation. However, while they are uncommon, they can occur in specific situations.
Typically, the judge in charge of setting the bail bond will consider different factors to determine the amount you will have to pay. It's important to remember that paying the bail bond will not save you from going to jail. But it enables you to get out of prison and prepare for trial.
So, in which cases can a judge give you a $1 million bail?
More often than not, defendants who receive $1 million bail bonds in California tend to fall in one of the two following categories:
- They are involved in a murder case
- They are involved in high net-worth white collar crimes, including money laundering or fraud
- They are involved in serious crimes such as trafficking and conspiracy
The judge will also consider whether you are a flight risk, which means you may escape once you are let out of jail and not appear in court. Additionally, if you have prior criminal convictions, even if they are less serious, they may influence the judge's decision to set your bail bond at one million dollars.
What's the point of setting a $1 million bail bond?
Not every defendant is allowed to be released before a trial. In many cases, especially murder cases, the judge may choose to detain the defender in jail until their trial, where they can be either convicted or acquitted. Being detained does not influence the decision that will be taken during your trial. However, it can make it hard to prepare your defense for a trial.
So why does a judge decide to set such an astronomically high amount for your bail bond? The reason is simple: Setting a high bail bond reduces the risk of a defendant disappearing after being released. Indeed, the bail acts as an incentive to appear in court, which is the only way you can recoup your money. In other words, million dollar bail bonds serve as a protection mechanism for justice in California, ensuring the defendant is unlikely to flee the state or the country.
Who can pay million dollar bail bonds in California?
Not everyone is able to face the costs without additional support. But that's precisely where a professional and experienced bail bond agency can make a big difference.
Indeed, at Mr. Nice Guy Bail Bonds, we appreciate that you may not have $1 million in your bank account. Thankfully, we have a long experience of dealing with high bonds. We are familiar with high amount bail bonds, and we know how to utilize assets and real estate properties to collateralize the necessary sum.
How can Mr. Nice Guy Bail Bonds help with million dollar bail bonds?
First of all, it's important to understand that when you work with a bail bond agent, you are not required to make the full payment at once. On the contrary, according to California law, your bail bond premium is set at 10%. This means that you are only required to make a non-refundable payment of 10% of the value of your bond when you work with our agency. If you have been handed a $1 million bail bond, you only need to pay $100,000 with a bail bond agent. The premium remains unchanged whether you are charged or exonerated from the crime in court. The 10% premium is an unchanged fee that will not be recovered, regardless of the conclusion of the trial.
We have years of experience in creating flexible payment plans or even combining the necessary collateral enabling us to meet the $1 million bond amount. Rest assured that once you appear in court, the collateral used to back your bail bond amount is released by the agency and returned to you.
In the majority of our cases, we can develop suitable payment solutions for our clients so that they do not need to worry about collateral. Indeed, we appreciate that not everyone can afford to put their assets at risk or has sufficient assets to back their bail bond.
What happens to the $1 million bail bond if I don't get to the trial?
Your appearance at all the trial dates acquits you of paying off the remaining 90% of the bond. Unfortunately, in the event that you choose to avoid the trial, you will be responsible for the entirety of the bail bond sum, and if we use collateral for backing the amount, it will not be returned.
Additionally, you may face legal repercussions too, as you could be found guilty with no means to defend yourself.
Mr. Nice Guy Bail Bonds is your partner for dealing with million dollar bail bonds
We understand how stressful it can be for you and your loved ones to be detained in jail. That's why we provide a dedicated 24 hour bail bonds service suitable for all jails and courts in the state of California.
You can always reach an advisor on the phone at the toll free number 844-400-BAIL. We guarantee the lowest rates for handling your bail, easy payment options, and interest-free financing.
You can easily handle payments over the phone or using our online services. We will do our best to avoid relying on collateral whenever other options are available, which is why we can get you through the bail bond process quickly and smoothly.
We can also help you obtain a discount on your bail bond. We are knowledgeable on California law and can provide advice on discounts allowed for different situations, such as:
- Retaining a private attorney
- Paying the premium in full within 72 hours
- Government union workers
- AARP members
- Military members
- First Responders
With a surety company, you could receive only a 7% premium instead of the typical 10%, which can make a huge difference on million dollar bail bonds!
Do you want to find out more about how we can help you with a $1 million dollar bail bond in California? Get in touch today to arrange for your fast release.
