Probate Bonds

Definition: A fiduciary is a person to whom money or property or the management of money or property has been entrusted for the benefit of others. A probate bond guarantees that the fiduciary will fulfill the duties he/she assumes by accepting the position. A probate bond is required in connection with the estate of deceased persons, incompetents and minors. It guarantees an honest accounting and faithful performance of duties by administrators, executors, trustees, guardians and other fiduciaries.

Most of these bonds are for indefinite periods of time and are non-cancelable. The bond must be kept in force until released by the court. A copy order must accompany the application for underwriting. Contact our office for additional information.