How do I apply for a Fiduciary Bond?
We make applying for Fiduciary 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 a Fiduciary Bond?
Once you apply for an Fiduciary 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 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 a Fiduciary Bond?
Fiduciary 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 a Fiduciary Bond?
Probate Courts often order Fiduciary Bonds for cases. Surety Bonds guarantee applicant will perform fiduciary duties without fraud or malfeasance.
How much does a Fiduciary Bond cost?
We work with many insurance carriers offering Fiduciary Surety Bonds. Each carrier determines its own rates, which are typically based on a tiered percentage basis. Price for an Fiduciaries 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.
Best prices… we beat any scheduled rate!
|Fiduciary Bond Penalty||Fiduciary Bond Annual Price|
|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 Fiduciary Probate Bonds?
We are currently licensed to offer probate bonds in the following areas: