This is another name for a Probate Bond. This bond guarantees the duties of the administrators, executors, guardians, trustees, and other fiduciaries of an estate and are required for the estate if minors, incompetent persons, as well as the deceased. Estate bonds are filed in a probate court.
A fiduciary, such as the administrator, executor or guardian of an estate, may be legally required to file with a probate court or judge a surety bond. Estate Bond can be issued on the same day of receiving a signed application & court documents. It is subject to credit verification.
Surety bonds for administrators, personal reps., and more. Bad credit program available. Twenty seven years supporting the surety bond needs of individuals and businesses. Court Bond E-File. Bonds issued in one hour.
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Why Do I Need An Estate Bond?
An executor surety bond filed with the probate court gives family members, heirs, and other stakeholders an avenue of recourse if the executor acts illegally. Depending on the type of estate, an executor may be responsible for: Protecting and disbursing the estate's assets. Contacting beneficiaries and potential heirs
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