What is a Court or Probate Bond?
Probate courts, civil courts, and private organizations frequently require surety bonds for fiduciaries to ensure payment of legal obligations or proper management of trust or estate assets. Bonds for probate courts or bonds used in legal disputes are not the same as bail bonds. Surety Bonds Direct does not sell bail bonds.
Probate Bonds
What is a probate bond? Probate bonds guarantee the duties of guardians, administrators, trustees, executors and other appointed fiduciaries. These bonds are frequently required for custodians of the estate of a deceased person, minor or incompetent. Probate bonds may also be required of fiduciaries of the assets of an organization. Probate bonds provide a guarantee to the court, organization or heirs of an estate that assets are properly managed and the probate process is administered in accordance with legal or organizational requirements. To learn more, please select the specific type of probate bond needed from the following:
You may be interested to learn more about executor and administrator bonds, guardianship bonds, or other information regarding surety bonds in our information center.
Court Bonds
Court bonds protect the opposing party in a litigation process by guaranteeing compliance with a court order or execution of a fiduciary duty (e.g. payment of a judgment). To learn more, please select the specific type of court bond needed from the following:
- It is important to note that all court bonds require that collateral be posted in advance in the amount equal to 100% of the bond obligation. The collateral must be in the form of cash, or cash equivalent and is in addition to the premium charged for the bond.
How Much Does a Court or Probate Bond Cost?
Court or Probate Bond prices vary based on the bond amount and the applicant. Most bonds are priced starting from 0.5-1% of the bond amount. Request a free, no-obligation quote and one of our bond specialists will look at your specific circumstances.
You will need to provide a schedule of all assets and liabilities related to the probate matter as well as court documents.
Please arrange collateral before requesting a quote.
If you'd prefer to speak with one of our bond specialists, please call us at 1-800-608-9950. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.
Other Probate Bonds
Who Pays for a Probate Bond And How Much Do They Cost?
Yes you do have to purchase the probate bond. But it's not what it seems. Learn why you have to buy one, where the money comes from, and how to save money!
Everything You Need to Know About Executor and Administrator Bonds
To ensure that the executor or administrator’s obligations are carried out faithfully, probate courts often require executors and administrators to obtain special types of surety bonds.
We'll discuss the basics of guardianship bonds, including what a guardianship bond is, why many courts require guardianship bonds, and how much you can expect to pay when applying for a guardianship bond.
Everything You Need to Know About Veterans Affairs Fiduciary Bonds
What are these surety bonds? Who does the VA require to get a surety bond? What are the responsibilities of the fiduciary?
Probate courts often require executors, administrators, trustees, and legal guardians to obtain surety bonds to ensure that appointed individual upholds her/his fiduciary responsibility.
Under which circumstances are probate bonds required? Are surety bonds always required?
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