Probate Bonds
Place a probate bond for your client's executor or administrator through Baker's wholesale surety market — estate, executor, and administrator bonds.
A probate bond is a fiduciary surety bond required of the executor, administrator, or personal representative of a deceased person's estate. It is also called an estate, executor, or administrator bond.
What it does
- →Guarantees the representative administers the estate honestly and follows the court's orders
- →Protects heirs, creditors, and beneficiaries if the representative mishandles estate assets
- →The penal amount is set by the court, usually tied to the value of the estate
Who needs it
- →An executor named in a will, once the court issues letters
- →An administrator appointed when there is no will
- →A personal representative the court directs to post one
Some wills waive the bond, but the court can still require it.
How to place it through Baker
Baker Insurance and Bonds is a wholesale surety market for independent agents; you keep the client, we handle the surety.
- ✓Send the court's bond amount and the representative's details
- ✓We return the executed bond for filing with the probate court
- →Start a bond quote, or send the application link to your client
** Terms used here are a summary only. Always refer to the bond form and the obligee's requirements.