An Administrator Surety Bond is required by a probate court when a person has been appointed to handle the estate of the deceased.
The purpose of the bond is to protect the administration of a will, estate, or guardianship from any financial wrongdoings. The bond amount is decided by the court in order to protect the amount of the estate. If the administrator financially harms the will, estate or guardianship, the amount of this bond is available for compensation.
An administrator bond is very similar to the executor, conservatorship, guardianship, and trustee bonds, with the following differences.
The cost of this bond is based on personal credit. Our markets require that your FICO to be 650 or above. Surety1 only runs a soft inquiry on your credit, meaning that the pull will not affect your credit score.
To process your bond, we’ll need a copy of the proposed order from the court that specifies the bond requirements and amount.
We are licensed surety experts for all 50 US states. We can get you set up with a court bond no matter what state, county, or city you live in.