Executor Bond

An Executor Bond is a type of surety bond, also known as a Probate Bond / Waiver of Probate Bond, Estate Bond, Administration Bond and Fiduciary Bond.

Executor Bonds are mandated by the court in order to provide assurance that the executor of an estate correctly allocates the assets for an incapacitated or deceased person with whom they have been assigned fiduciary duty.

In other words, Executor Bonds are directed by the court in order to guarantee the honest accounting and faithful performance of duties by a fiduciary or trustee. Executor Bonds provide assurance that the executor of an estate appropriately handles, and distributes, the assets of the disabled or deceased person whom they are duty-bound to act on behalf of.

When are Executor Bonds required?

Executor bonds are required by the courts to administer the estates of deceased persons, incompetent persons, and minors.

Cost

We offer very competitive rates to customers with good credit history. For standard credit the cost of an Estate Bond is 2%-3% of the total estate size.