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The Probate Bond Experts
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We make applying for Indiana Personal Representative Bond easy by offering a fast Online Application, or you can Download Application and return by fax or secure message. Information required is the same ordinarily found on a personal credit application, and probate case information. You’ll need wards full name, county probate case being filed, health status, income source & estate assets, estate heirs, and other information.
Once you apply for an Indiana Personal Representative Surety Bond, we typically confirm receipt of your application within a few hours. Additional questions often arise, prompt reply to follow up questions helps expedite process. Once all questions have been answered, approval and issuance is typically same day or within 24 hours. Our Indiana Personal Representative Bonds are sent with USPS Delivery Confirmation / USPS Tracking at no additional charge. Overnight and same day courier is available at additional cost.
Indiana Personal Representative Bonds, or Probate Court Surety Bonds, are evaluated based on three main criteria:
Probate Courts often order Indiana Personal Representative Bonds for cases when party is unable to manage their own affairs, either person is deceased or person or their estate, due to age or illness.
We work with many insurance carriers offering Indiana Personal Representative Surety Bonds. Each carrier determines its own rates, which are typically based on a tiered percentage basis. Price for a Indiana Personal Representative probate bond typically vary from 0.25% up to 0.75% of face value, with a minimum premium of $125. For Indiana adult Personal Representative bonds, most require annual renewal payment. For Indiana minor child Personal Representative bonds, most carriers require full payment through time child is 18 years old.
An Indiana Surety Bond acts more like a co-signor than a regular insurance policy. If Court deems fiduciary duty was violated and payment due, the insurance company issuing probate bond will pay the court. However, unlike an insurance claim where insurance company indemnifies applicant, they will seek reimbursement for anything paid.
We offer Personal Representative bonds in ALL Indiana Counties.
YES! We work with many probate bond carriers and have been able to accommodate every probate bond request applicants are qualified for. We are not limited by the same restrictions most other insurance carriers have. We’re able to issue most bonds other carriers can’t – they are unable to issue the very large bond penalty amounts we’ve been successful in obtaining for our clients. 1 million, 2 million, 3 million, 4 million, 5+ million dollar probate court bonds have been issued by our office. More info on our Large Penalty Probate Court Indiana Personal Representative Bonds.
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We have insurance carriers which allow us to INSTANTLY send your bond by email or secure message. Once you receive the bond, it needs to be printed on a laser printer. Once you print Personal Representative bond, most courts require principal’s ORIGINAL INKED signature. Once you sign the Personal Representative bond, you can file it with court.
Some courts will not accept a bond without raised seal. If this occurs, just let us know, we can issue a duplicate original Personal Representative Bond by postal mail.
Probate and Personal Representative can be complicated. Personal Representative often turn to court personnel, social workers, insurance agents, or other non-lawyers for advice. However, only an probate or Personal Representative attorney can properly answer legal questions for your case. Sometimes laypeople assume expenses are owed by the ward, but for some reason they are not. Or a Personal Representative might make decisions requiring Court approval. A private attorney is the only party qualified to offer legal Personal Representative advice.
Yes!
We’re an independent insurance agent offering bonds from America’s Top Insurance Carriers. We work with insurance carriers like subsidiary of American Family Insurance, CNA Surety, West Bend Mutual, and offer brokered coverage from HCC Surety, RLI Insurance, and other top names.
Each insurance carrier has different requirements. Some carriers require your personal net worth, others don’t. Some require no felony convictions within a certain amount of time, or for certain financial offenses or moral turpitude offenses. Some will write multiple bonds for Professional Personal Representative, others do not.
Every insurance carrier has different pricing tiers. Personal Representative Bonds are not a flat rate like some insurance bonds. Instead, each carrier determines it’s own rates, often tiered by different bond values.
Our job as your bonding agent is to find which carrier offers the most favorable terms for your situation. We won’t shoehorn you into one option, because it’s all we’ve got.
IMPORTANT: After submission, watch your email for updates!
1. Complete application2. Quick underwriting review3. Get approved & pay online4. Receive your bond
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