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Home > Executor Bond

Executor Bond

 

An executor bond is also known as the probate bond, estate bond, and fiduciary bond. When someone passes away, their estate is distributed through probate. Depending on the state, the probate court may require that an executor bond be purchased to ensure that the executors perform their duties correctly. The executor’s bond is required to protect the deceased and beneficiaries from fraud or embezzlement of the estate or assets. For instance if the executor of the will takes the inheritance and doesn’t pay the creditors, they will be able to recover these amounts from the bonding company. Estate Bond can be issued on the same day of receiving a signed application & court documents. It is subject to credit verification.

 

Apply Now For a Free Executor Bond Quote

 



Executor bonds are a specific type of probate/fiduciary bond ensuring estates are handled appropriately after an individual passes away. Upon an individual's death, the estate is typically processed through a probate court to ensure his or her wishes are carried out according to the will.

 

What Does Executor Means?

 

Without bond means the executor has not been required by the court to post a bond with the court to insure that he does his job. Likely he also has been relieved of a duty to do inventories and accountings to the court

 

 

Why Does an Executor Need a Bond?

A bond acts as security that the Administrator will, if Granted Letters of Administration, comply with their obligations to administer the estate and pay the rightful beneficiaries. It is then up to those adult beneficiaries to challenge the right to the bond if they so wish.

 

How Much Does an Executor Bond Cost?

A bond for a $100,000 contract will typically cost $500 to $2,000. Get a free Performance Bond quote

 

 

Why Bond with Us?

  • Affordable Rates, No hidden fees
  • Experience, in Business since 1988
  • Great Service
  • Fast Approvals & Same day Delivery
  • Free price quotes – No obligation to buy
  • Friendly Staff

COMMERCIAL BONDS

Auto Dealer Bond
Auto Title Bond
Mixed Beverage Bond
Medicare DEMOS Bond
License & Permit Bond
Sales Tax Bond
Notary Public Bond
BMC-84 – Freight Broker Bond
All Commercial Bond

CONSTRUCTION BONDS

Bid Bond
Maintenance Bond
Payment Bond
Performance Bond
Subdivision Bond
All Construction Bond

COURT BONDS

Appeal Bond
Custodian Bond
Estate Bond
Executor Bond
Guardianship Bond
Probate Bond
Notary Public Bond
All Court Bond

FIDELITY BONDS

Fidelity Bond
Business Service Bond
Erisa
Conduct Bond
Tax Preparer Bond
Janitorial Bond

CONTACT US

ABC Bonding of Texas
8811 Westheimer Ste 207
Houston, TX 77063


Office Hours: 9:00 am to 5:00 pm
Phone: 800-374-9227
Local: 713-785-2138
Fax: 713-785-2711
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