Why is a Personal Representative Bond necessary?
When an individual dies, they must have a Personal Representative appointed to administer their final expenses and to distribute their assets. Personal Representative Bonds (also called Administrator or Executor Bonds) are required by many county jurisdictions to guarantee the faithful performance of the Personal Representative so that they will not misuse estate funds or fail to pay creditors or heirs.
Bond Premiums and Bond Amounts:
If bond is for use in Florida there will be a 1.3% tax of the PREMIUM.
Bond amount will be set by the court.
List of states
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
FAQ:
How much will the surety bond cost?
The Personal Representative Bond amounts vary from county to county and are dependent on the value of the estate. A member of the Jurisco team can discuss your case to provide you with a more accurate estimate.
Click on the appropriate surety bond application to download the defendant’s bonds form.
Review our surety rates from the rates section, fill out the PDF application form, and submit through your email client.
Jurisco will contact you to confirm receipt of the application then begin work immediately.
Jurisco offers competitive rates for Personal Representative/ Administrator Bonds nationwide, fast service and a broad base of knowledge to help clients throughout the United States. We specialize in:
- Providing the best knowledge and service for surety bonds
- Lowest rates on all surety bonds
- Assisting clients to understand their bond rights and responsibilities
- Fast and accurate service
- Delivering solutions to bad credit applicants
Our application process is as simple as 1, 2, 3. Simply click on the Personal Representative bond application, fill it out, email it to us with the required court documents and it’s done. Through our years of hands on experience, Jurisco understands that efficiency is imperative in the court system. We want you to have what you need, when you need it. Let’s start the process now.
By New York Fiduciary Bonds April 7, 2012 - 8:39 pm
[...] Personal Representative Bonds may be referred to as Administrator or Executor bonds in New York depending on the region. Courts require this surety bond when an individual dies and directs an administrator to distribute their assets and finalize their expenses. To protect the heirs and creditors of an estate, a personal representative bond covers the financial worth of the estate against any wrongdoing by a personal representative. [...]
By Texas Administrator Bond April 7, 2012 - 9:03 pm
[...] but that hard work can be wasted with the misuse of funds and assets by an Administrator. An Administrator bond helps maintain the integrity of an estate when you can no longer keep [...]
By Executor Bond Illinois April 7, 2012 - 9:04 pm
[...] together series of blog posts related to court bonds and state requirements. Today we delve into Executor Bonds in [...]