Court-Required Estate Protection
ProbateBonds
Court-required bonds for executors, administrators, guardians, and trustees managing estate assets. Protect beneficiaries while fulfilling fiduciary duties.
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Types of Probate Bonds
Select the type of probate bond you need
The Probate Bond Process
How probate bonds fit into estate administration
1
Court Petition
File petition for letters of administration or testamentary
2
Bond Requirement
Court determines bond amount based on estate value
3
Bond Application
Apply for court-required probate bond approval
4
Administration
Begin estate administration with bond protection
Frequently Asked Questions
Common questions about probate bonds
What are probate bonds?
Probate bonds are court-required surety bonds that protect beneficiaries when someone is appointed to manage estate or trust assets. They guarantee faithful performance of fiduciary duties including executors, administrators, guardians, and trustees.
When are probate bonds required?
Probate bonds are required when courts appoint fiduciaries to manage estates, trusts, or guardianships, unless specifically waived. This includes executors of wills, administrators of intestate estates, guardians of minors, and trustees.
How much do probate bonds cost?
Probate bond premiums typically range from 0.5% to 3% annually of the bond amount, depending on credit score, experience, and complexity. Most bonds cost $500-$15,000 per year.
Can probate bond requirements be waived?
Yes, in some cases. Wills may include language waiving bond requirements. Courts may waive bonds for family members or when all beneficiaries consent. Small estates may qualify for simplified procedures.
How long does a probate bond stay in effect?
Probate bonds remain in effect until the estate is closed and the court releases the bond obligation. This can range from several months to several years depending on estate complexity.
Related Bond Types
Other court and fiduciary bonds
Written by BuySuretyBonds.com
Licensed surety bond agency operating nationwide with direct integrations to Treasury-certified surety carriers. Our platform enables instant approval for license and notary bonds, with 24-48 hour underwriting for commercial bonds. All content is researched from official state and federal sources (.gov) and reviewed by licensed insurance professionals.
Court-Required Protection
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