Associated Bonds
What Is A Probate Bond?
A probate bond is a type of bond ordered or required by a court before they will appoint a person or entity as the representative of an estate. This could be as an executor, administrator or perhaps even a guardianship. The purpose of a probate bond, sometimes called a fiduciary bond, is to hold this individual accountable and liable so that they perform their duties in good faith of the estate.
Types of Probate Bonds
Bond for Executor
An Executor Bond is a bond that is required by courts to assure that the appinted executor of an estate fulfills the responsibilities in an ethical manner
Bond for Administrator
An Administrator Bond is a bond that is required by courts to assure that the appinted Administrator of an estate fulfills the responsibilities in an ethical manner
Bond for Guardianship
A Guardianship Bond is a bond that is required by courts to assure that the appointed guardian of an estate fulfills the responsibilities in an ethical manner
How Much Do Probate Bonds Cost?
While the cost of Probate Bonds based on variables such as the type of Bond, the relationship of the person being bonded to the person being protected by the bond, the state where they are located and the size of the bond. A good rule of thumb is they will cost around $100 per $1,000 of protection. One way to get a firm price is to complete and application and let Associated Bonds get a firm price for you from one of our many carriers at no obligation to you. You apply by clicking the “APPLY FOR PROBATE BOND” button below.
Associated Bonds
Other Questions?
Feel free to reach out to one of our Bond agents