We are a surety only agency that thrives on creating an unbeatable client experience! Our industry leading bond volume allows us to create programs that can be tailored to each individual client, getting them their bond faster at the cheapest cost! Below are a few reasons our clients love to work with us:
An Estate Bond, also known as an Executor Bond, Fiduciary Bond, or Probate Bond, is a type of court bond that acts as a type of insurance policy when someone dies or becomes disabled. The estate bond insures that the requests of the deceased or disabled person are carried out in full. This type of court bond protects the wishes of the deceased as outlined in their last will and testament. An executor is assigned in a will or trust as being the person who is responsible for carrying out any last requests according to the will. The estate bond acts as a form of insurance to ensure the executor acts lawfully and truthfully while carrying out all tasks as specified in the will. Estate bond requirements vary based on state and/or county, but your local municipality can help identify whether or not you are required to obtain one as the executor of an estate.
Court bond requirements vary by city and state. Typically the executor bond cost will depend on the coverage needed based on the value of the estate. Estate Bond premiums are typically .5% of the total bond cost. The price can vary if the individual seeking the bond has poor credit or negative bond history. Bonding Solutions has a number of different programs set in place to help each of our clients find the best rates possible. As an executor of an estate, we know that there are a lot of other things you will have to worry about which is why we make the bond application process as simple as possible. Being an executor of an estate and obtaining an executor bond doesn’t have to be time-consuming or costly. Contact our team today to learn your options.
Estate Bonds protect the beneficiaries and estate from any fraud, embezzlement, or illegal acts by the person appointed by the court (the executor) to handle all matters regarding the estate and assets. The executor is responsible for a number of different things which are all covered by the bond if any fraudulent or unlawful acts occur including:
The estate bond is a form of insurance for all beneficiaries. Sadly, when someone passes away it is not uncommon to see an executor of the estate fail to abide by the legal agreement of the will, which is why the estate bond is often required. This type of court bond protects the beneficiaries from any financial loss that may occur on behalf of the executor’s failure to divide assets accordingly.
Bonding Solutions is here to make your life easier. We are a nationwide surety agency with the ability to underwrite court bonds in all 50 states. If you are unsure how to proceed or have questions you would like answered by one of our team members, call our office today (877) 841 6745.
If you are ready to apply online today you can begin the process for an estate bond by clicking the button below! Our online application process is simple and quick for your convenience.