Category

Fiduciary Bonds

Guardianship Surety Bond (Fiduciary Bond)

“Legal guardianship” is a court granted authority in which a responsible person (a “fiduciary”) is appointed to manage the financial affairs and property interests of a third party (a “ward”). A guardianship bond is often required to protect the ward’s… Continue Reading →

Surety One’s Fidelity Bond Program

Did you know that the national surety leader is also the best market for your fidelity bond?  Very much like our promise to always find a solution for our clients’ surety bond needs, we can do the same for your… Continue Reading →

New York Administrator Bond

In brief, an appointee must provide a New York administrator bond before letters of administration in a probate matter can be issued (N.Y. SCP. LAW §805).  In cases where the prospective administrator is entitled to the whole estate or where… Continue Reading →

New Jersey Administrator Bond

In cases where a decedent leaves no will a personal representative will have to provide a New Jersey administrator bond, also referred to as a New Jersey personal representative bond.  The bond is required by the County Surrogate Court or… Continue Reading →

Michigan Personal Representative Bond

In probate proceedings a Michigan personal representative bond is required only under specific circumstances.  The surety bond requirement is first addressed in Section 700.3603, which states that a bond is generally not required of a personal representative appointed in informal proceedings,… Continue Reading →

Kansas Probate Bond

Unless otherwise waived by a court, a Kansas probate bond is required where an executor or administrator has been appointed and granted letters of administration.  Pursuant to Kansas statute 59-1101, every fiduciary before entering upon the duties of his or her… Continue Reading →

Illinois Administrator Bond

Unless waived by a will and excuse by the court an Illinois administrator bond is required of administrators and personal representatives before letters of administration can be issued.  Pursuant to Illinois Code, before undertaking the representative’s duties, every individual representative must… Continue Reading →

Vermont Administrator Bond

A Vermont Administrator Bond is required by statute before letters testamentary or of administration may be issued.  The Vermont fiduciary bond requirement can be found in Chapter 61: Executors & Administrators, 14 V.S.A. § 906, which states, “a person to be appointed shall give… Continue Reading →

Texas Administrator Bond

A Texas administrator bond is required of a DEPENDENT administrator of a probate matter.  While not as commonly appointed as an independent executor, a dependent administrator is allowed frequently when there is any controversy between the heirs of an estate… Continue Reading →

Ohio Administrator Bond

An Ohio administrator bond is required by law from ANY party acting as a fiduciary except for a few very specific exceptions AND where the overseeing court concurs.  Ohio statutes define a “fiduciary” as any person, other than an assignee or… Continue Reading →

Connecticut Administrator Bond

An estate matter in Connecticut with or without will will invariably require a Connecticut administrator bondfrom the appointed administrator.  An application for administration or probate of will and the will (if thereis one) are submitted to the probate court within… Continue Reading →

South Carolina Personal Representative Bond

In South Carolina, probate matters are managed by local county courts and regulated by statute.  When a third party fiduciary is appointed by the court as an administrator he or she must often provide a South Carolina personal representative bond.  A… Continue Reading →

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