If you were named executor of an estate and the court requires an executor bond, send us the court order or the instructions you received. We’ll tell you what the surety needs for a quote.
An executor bond is a probate bond that a court may require when it appoints someone to administer an estate under a will. It protects the estate, the heirs, and others with an interest in it if the executor fails to carry out the duties the bond covers.
Not necessarily. Being named in a will does not by itself tell you whether a bond is required. It can depend on the will, state law, the court, and the circumstances of the estate.
Check the court order or ask the attorney handling the estate before you buy a bond.
The court or the applicable law usually sets the amount. For an executor bond it is often connected to the value of the assets the executor will control, but the court’s order controls.
Use the amount in the order. If it is unclear, confirm it with the court or your attorney before the bond is issued.
That can depend on the state and the estate administration rules. In many cases the cost is handled as an expense of the estate, but you should confirm how it should be treated.
Ask the estate attorney or the court before you pay out of your own pocket.
You normally pay a premium for the bond, not the full bond amount. If the court requires a $100,000 bond, that does not mean the bond costs $100,000.
The premium depends on the bond amount, the executor’s credit and financial information, the estate’s assets, and the surety company.
Possibly. Some executor bonds can still have options when credit is imperfect, depending on the appointment, the assets, the bond amount, and other underwriting factors.
Send us the court order first. We can tell you what information is needed before assuming the answer is no.
Send us the court paperwork. The most useful items are:
It depends. A straightforward executor bond can often move quickly once the court order and underwriting information are complete. A complex estate, credit problems, or a large bond amount can take longer.
Court deadlines matter. Send the order as soon as you receive it.
If this is not the bond you were asked for, these pages may help.
Yes. The terminology, who must post a bond, bond amounts, and forms all vary by state, and some states call the role a personal representative. Follow the court order.
Use our state pages for probate bond information specific to where the estate is.
Send us the court order or instructions you received. We’ll tell you what the surety needs next.
The Bond Agent | 3655A Old Court Rd, Suite 13 | Baltimore, MD 21208