It seems a day doesn’t go by without at least one request to cancel a bond without a the final order.
You see, once accepted by the Court, bonding companies are prohibited from changing or cancelling any probate court bond without a court order.
All requests to modify or cancel a probate bond must come with a court order discharging the bond.
We’re very sorry, but it doesn’t matter….
…if your motion to discharge has already been filed
…if you want to cancel the bond
…if our agency wants to cancel the bond
…if you think it’s too expensive
…if the estate is out of money
…if your firm no longer represents the client
…in case of guardianship, if the ward died
…Even if the bond principal dies, their estate continues to be liable for any bond premium until it’s discharged by Court.
Do I need to pay for the full year
The good thing is all renewal bonds are pro-rated after the first year. This means if when you do finally get that court order discharging bond after you pay the renewal term, you will receive a pro-rated refund.
The bottom line is the bonding company is required to cancel the bond – and pro rate refunds – to the exact date of the court order.
How to cancel probate court bond
With courts experiencing an unprecedented backlog, hearings can take months or longer. When filing motions to discharge a bond, we always suggest requesting the effective date to be retroactive back to your filing date.
So please remember to include a copy of the Court Order discharging bond and releasing surety. Or let us know when it’s available for download on the court docket.
Visit ProbateCourtBond.com for your next probate court bond, where you can Apply Online. Get a Fast Reply and the Lowest Price!
