Administrator Surety Bond

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.

Difference Between an Administrator and Other Similar Bonds

An administrator bond is very similar to the executor, conservatorship, guardianship, and trustee bonds, with the following differences.

• Administrator: Principal has been appointed to handle the estate of the deceased.
• Executor: Principal has been appointed through a will to handle the estate of the deceased (and you must submit a copy of the will.)
• Conservatorship: Principal has been appointed by the courts to handle the assets of a person who has been declared unable to handle their own affairs.
• Guardianship: Principal has been appointed to protect the assets of a minor until they reach majority.
• Trustee: Principal has been appointed through a trust to handle the estate of the deceased (and you must submit a copy of the trust.)

Requirements

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.

All 50 States

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.