Probate Bond Cost
Surety by NFP is the nation’s leading source for an affordable probate surety bond. Probate bonds are mandatory to have and are required by several probate court judges to make sure that fiduciaries fulfill their responsibilities to beneficiaries. A few examples of commonly requested estate court bonds are explained below.
A Probate surety bond has several other names. They are often referred to as…
Probate surety bonds provide protection that the administrator of an estate will allocate assets and property of the estate according to the wishes of the will of the deceased. In case there is no will and testament, in agreement with the jurisdiction’s laws. If the individual is still living but is heavily debilitated, the court surety defends the individual’s assets from being defrauded by the guardian assigned to that individual.
Ready to get your own bond? Feel free to call (800) 863-3210 for more information about probate bonds, and any other kind of bond for which you may have a need. If you are working with an inheritance loan company, you need to get bonded. We can help you quickly.
Ramifications for not having one!
One needs to be extremely careful how they handle the deceased’s estate because if it’s not done properly, a claim could potentially be filed on your surety which would become your debt to pay. IFIC Surety will tell you that Probate bonds are mandated by a court venue when you are named as the fiduciary or executor to protect the rightful inheritors of an estate. The court requirements are dependent on where the decedents reside. They vary by the state, county, or city where the decedent lived at the time of his death, as probate laws differ by jurisdiction.
How much do probate bonds cost
That’s not an easy question to answer. What I can tell you is that it depends on the size of the bond and the duration. Factors that the bonding companies consider is criminal history, as well as credit score. We will work with you to figure out the smallest amount possible while adequately getting you your bond.
Probate Surety Bond
How to get one?
At Surety by NFP, we are the bonding leader in the industry. Our team of highly experienced bonding agents is licensed to bond all over the country. As always, quotes are free and you have no obligation to purchase a bond. We just want to make sure you are educated on the product and have it on the correct paper. Keep in mind we will need a copy of your court order. Please let our staff know in writing if this is a verbal order. Applying for a probate surety bond is easy! Just fill out this secure online application, or call us today!