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 30 days of the decedent’s death. If the will is determined to be valid, the executor named therein is normally appointed. In an intestate estate, an administrator is appointed. If the will excuses an administrator bond, no bond will be required of the executor unless the probate court decides that there is sufficient reason to require one. ALL administrators must provide a Connecticut administrator bond, the amount being established by the court. By Connecticut rules, a probate judge may waive the requirement of a Connecticut probate bond in a testate or intestate estate if the assets of the estate are less than $20,000, or if the amount of the estate that is not restricted by probate court order is less than $10,000. The administrator bond must be filed on form PC-480 Connecticut probate bond. The bond guarantees that the administrator and any co-fiduciary will faithfully perform the duties of his/her/their position of trust and administer and account for all monies and other property coming into his or her hands, as fiduciary, according to law. The bond form also serves as an affidavit. By signing the Connecticut probate bond the administrator is acknowledging that he or she has read and understood the requirements of Rule 2 of the Connecticut Probate Practice Book. National surety leader, Surety One, Inc., is one of the largest probate bond underwriters in the United States. Our 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 us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for a Connecticut administrator bond application or information about any fiduciary bond.
