How do I apply for an Ohio Executors Bond?
We make applying for Ohio Executors 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 decedents full name, county probate case being filed, estate assets, estate heirs, and other information.
How fast can I get an Ohio Executors Bond?
Once you apply for an Ohio Executors 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 Ohio executor bonds are sent with USPS Delivery Confirmation / USPS Tracking at no additional charge. Overnight and same day courier is available at additional cost.
What are the qualifications to obtain an Ohio Executors Bond?
Ohio Executors Bonds, or Probate Court Surety Bonds, are evaluated based on three main criteria:
- Personal credit history of applicant;
- Attorney retained to answer questions for applicant;
- Applicant experience handling probate or financial matters.
What is an Ohio Executors Bond?
Probate Courts often order Ohio Executors Bonds for cases when party is deceased with a written will. An Ohio Executor bond is very close to an administrators bond. Sometimes courts may apply gender-specific language, using Executor for male, or Executorix for female. Surety Bonds guarantee applicant will perform fiduciary duties without fraud or malfeasance.
How much does an Ohio Executors Bond cost?
We work with many insurance carriers offering Ohio Executors Surety Bonds. Each carrier determines its own rates, which are typically based on a tiered percentage basis. Price for an Ohio Executor probate bond typically vary from 0.25% up to 0.75% of face value, with a minimum premium of $100. Most bonds require annual renewal payment, however we have carriers that offer a flat rate, one-time-payment for minimum penalty bonds.
Best prices… we beat any scheduled rate!
|Ohio Executors Bond Penalty||Ohio Executors Bond Annual Cost|
|Less than $20k||$100+ one-time-payment|
|$20k – $40k||$100+|
|$41k – $60k||$103 – $380+|
|$61k – $80k||$153 – $450+|
|$81k – $100k||$203 – $525+|
|$101k – $150k||$253 – $920+|
|$151k – $200k||$378 – $1220+|
|$201k – $300k||$503 – $1620+|
How is a Surety Bond different than an insurance policy?
A 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.
Where do you offer Ohio Executor Probate Bonds?
We offer Executor bonds in the following Ohio Counties:
Adams Allen Ashland Ashtabula Athens Auglaize Belmont Brown Butler Carroll Champaign Clark Clermont Clinton Columbiana Coshocton Crawford Cuyahoga Darke Defiance Delaware Erie Fairfield Fayette Franklin Fulton Gallia Geauga Greene Guernsey Hamilton Hancock Hardin Harrison Henry Highland Hocking Holmes Huron Jackson Jefferson Knox Lake Lawrence Licking Logan Lorain Lucas Madison Mahoning Marion Medina Meigs Mercer Miami Monroe Montgomery Morgan Morrow Muskingum Noble Ottawa Paulding Perry Pickaway Pike Portage Preble Putnam Richland Ross Sandusky Scioto Seneca Shelby Stark Summit Trumbull Tuscarawas Union Van Wert Vinton Warren Washington Wayne Williams Wood Wyandot