What are Probate Bonds?

Examples of probate surety bonds

Welcome back to the surety bond explainer blog series where we dive into different types of surety bonds. Today we are focusing on probate surety bonds with a few examples from different states nationwide. Probate bonds are pretty straightforward if you are well-seasoned in surety bonds, but if this is your first time or you’re just looking for a quick refresh before a client call then this blog is for you.

There are a variety of probate and fiduciary surety bonds available including:

Following are a few examples of probate surety bonds used across the United States. 

As always, if you want to skip the blog or if you have a question about your particular state or probate bond need, contact Jurisco now. You can get started on your probate bond application or ask any questions you may have about bond requirements, bond cost, and court requirements for probate bonds. 

Washington Probate Bond

The state of Washington may require a person or company take out a probate bond should that person or company be in charge of a person’s estate, will, or trust.

Even if the court does not specifically require a Washington probate bond, the person or company charged with overseeing another’s assets may want to take that extra step and receive a bond so they can protect themselves against legal recourse should an outside party find fault with their actions.

North Carolina Probate Bonds

Among the most commonly used North Carolina probate bonds are guardianship bonds, administrator bonds, trustee bonds, receiver bonds, and custodian of veteran bonds.

A guardianship bond is required in North Carolina by any party seeking to become a guardian and oversee an estate or financial account.

Trustee bonds are deemed necessary when a party is overseeing a trust. This North Carolina probate bond protects the trust and its beneficiaries against harmful financial wrongdoing.

Receiver bonds are set up once a company files for bankruptcy. The courts expect companies to legally handle any remaining rents and payments to the defunct company. The best way for companies to satisfy that requirement is with a receiver bond.

A custodian of veteran bond carries a lot of weight since it involves caring for a member of the American armed forces. When a veteran is deemed in need of a custodian, this North Carolina probate bond will protect their account and funds from wrongful doing on the part of the custodian.

Montana Probate Bond Example

A couple of Montana probate bond examples are custodian of veteran and trusee bonds. 

Custodian of veteran bonds only apply to individuals who served in America’s armed forces (be it the Navy, Marines, Army, or National Guard). Montana takes all surety bonds seriously but when members of the armed forces are involved there is an extra level of sensitivity. When people have put their lives on the line overseas, it’s the least the state can do to offer a higher level of protection when they return to America soil.

Trustee bonds are used whenever there is a trust. Again, this type of Montana probate bond is very common with minimal paperwork. Clients can find trustee bond applications as well as other Montana surety bond applications on the Jurisco website.

Delaware Probate Bond

Probate bonds are one of the most commonly used types of surety bonds in the state of Delaware. Delaware requires probate bonds because it seeks to protect its residents from the wrongful actions of those entrusted with their estate, lives.

Understanding how to benefit from a Delaware probate bond can make the experience positive instead of burdensome. Probate bonds are a type of surety bond mandated by the state and/or courts. The only way to have the requirement waived is through written exemption or court order. If you need a probate bond in Delaware, the best thing to do is to act now. Don’t delay and end up faced with fines or legal trouble. Delaware probate bonds don’t have to be that complicated.

New Orleans Probate Bond

Securing a New Orleans probate bond can be an easy process when working with a surety bond expert. Jurisco has a team of surety bond experts who understand every Louisiana surety bond requirement.  They help clients understand which New Orleans probate bond is right for their situation.

There is a variety of probate bonds and each applies to its own set of circumstances. For instance, a trustee bond could not be used to satisfy administrator bond requirements. Below is a list of New Orleans probate bonds that may come into play:

  • Guardianship Bond
  • Receiver Bond
  • Curator Bond
  • Administrator Bond
  • Trustee Bond
  • Custodian of Veteran Bond

Comparing Probate Surety Bond Companies

Regardless of which state you do business in, to secure a surety bond you will need to work with a surety bond company.

A surety bond company is meant to be a partner; someone that can be trusted and relied upon. Putting faith –and by extension time, money, and resources – into the wrong company can be a costly mistake. 

The best way to compare surety bond companies are to find the companies that handle the surety bond you require. Not every surety bond company covers every single type of available surety bond. What you want is the surety bond company that specializes in what you’re dealing with.

Jurisco is a good company to measure against since they hit all the markings of one of the best surety bond companies including:

  • Offers nationwide assistance
  • Surety bond experts for every state (yes, all 50!)
  • Lawyer-trained
  • Friendly and professional service
  • Same-day, next day bonds available

Contact Jurisco today to learn more about probate surety bonds. Have questions about Jurisco’s services? Send us an email or give us a call at 1-800-274-2663 to discuss probate surety bonds in your area.

Trust the Surety Bond Experts

The Jurisco lawyer-trained staff are here to help you today.