Probate courts will often require a bond if the deceased did not have a will. The court upon the initial hearing may determine that a bond is needed based on the estimated assets of the estate. The required bond amount varies and is based on the value of the estate including personal and real property, cash and assets. Additionally, jewelry, art, coin collections, guns, antique vehicles and furniture, etc., are also taken into account for the amount of the estate and bond.
A Probate Surety Bond guarantees an honest accounting and faithful performance of duties by:
The bond provides a guarantee to the court and the estates heirs and ensures that the person handling the estate will do so legally and that all assets are properly accounted for.
Applicants that need a probate bond will need to complete the SuretyGroup.com online application, provide court documents indicating the bond amount required and depending on the size of the estate, personal financial statements may be required for the underwriting process.
Upon approval by underwriting, the original bond will need to be filed with the court and must be renewed annually until the estate final accounting has been accepted and the case discharged.
To apply, please click on the link above that corresponds with the bond you require.
The premium you pay for a probate bond is dependent on personal credit and the bond amount required.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application