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 personal representative is defined by law as an executor, administrator, successor personal representative, special administrator, or any person who perform substantially the same function under the law governing their status (SC Title 62). The bond amount required of the South Carolina personal representative is entirely within the discretion of the Probate Court. The South Carolina probate bond guarantees that the fiduciary will act honestly and in good faith while administering a deceased’s estate, then render a final accounting at estate closure. By signing a South Carolina probate bond a personal representative personally submits him/herself to the jurisdiction of the Probate Court in any proceeding pertaining to the estate that may be instituted by any interested person. As a fiduciary, your history of personal financial responsibility is a very important consideration. If you have some credit problems, those issues will NOT automatically disqualify you from our support. The surety leader, Surety One, Inc., has options for administrators with damaged credit! Our creative underwriting solutions can provide you the fiduciary bond that you need. We can offer you probate bond terms no matter what your financial condition. Visit SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.org for a South Carolina personal representative bond application or information about any fiduciary bond need.
