Probate Court Bond Cancellation: What Bond Principals Need to Know Probate court bonds are required by probate courts in many circumstances when someone dies or needs guardianship. These bonds provide protection for the interests of the deceased person’s heirs and beneficiaries or the ward in the case of guardianship. Most of these bonds renew annually,…
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…
We regularly get requests from bond principal’s and attorneys to ‘cancel out’ a probate bond. Sometimes they’ll even just write ‘cancel’ on the bill. Believe it or not, we’ve even had a few ignore our advices, and the bonding company sent their accounts to collections! Although it may seem counterintuitive, the death of a ward…
