{"id":942,"date":"2013-04-24T03:11:14","date_gmt":"2013-04-24T03:11:14","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=942"},"modified":"2019-12-09T06:18:33","modified_gmt":"2019-12-09T06:18:33","slug":"texas-administrator-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/texas-administrator-bond\/","title":{"rendered":"Texas Administrator Bond"},"content":{"rendered":"

A Texas administrator bond<\/strong> is often required of a\u00a0dependent administrator of a probate matter. \u00a0While 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 or when the estate has a great deal of debt and the executor wants some structure from the court regarding the order of debt payments. \u00a0The administrator is “dependent” upon the Court for oversight and approval of all of his actions, hence the name of this type of fiduciary. \u00a0The Texas personal representative bond<\/strong>, also called a Texas executor bond<\/strong> must be manuscripted to include the conditions\u00a0required by law, payable to the county judge or probate judge of the county in which the probate proceedings are pending and to his successors in office. \u00a0Such bond must bear the written approval of either of such judges.<\/p>\n

The Texas administrator bond\u00a0<\/strong>penalty must be fixed by the judge, in an amount deemed sufficient to protect the estate and its creditors.\u00a0In any case where a surety bond is required the court must fix the bond amount after determining: (a) The amount of cash on hand and where deposited, and the amount of cash estimated to be needed for administrative purposes, including operation of a business, factory, farm or ranch owned by the estate, and expenses of administration for one (1) year. \u00a0In setting the Texas executor bond<\/strong> the judge must also consider the revenue anticipated to be received in the succeeding twelve (12) months from dividends, interest, rentals, or use of real or personal property belonging to the estate and the aggregate amount of any installments or periodical payments to be collected. \u00a0Lastly, the Texas administrator bond<\/strong> penalty must also reflect the estimated value of certificates of stock, bonds, notes, or securities of the estate, the name of the depository, the face value of any life insurance or other policies payable to the person on whose estate administration is sought, or to such estate, and such other personal property as is owned by the estate. \u00a0Section 194<\/a> of the Texas Probate Code is the appropriate statute to understand when determining the Texas personal representative bond<\/strong> form, amount and the qualifications of corporate sureties.<\/p>\n

Texas surety bond leader<\/strong>, \u00a0Surety One, Inc.<\/a>\u00a0has options for your\u00a0Texas probate bond<\/strong>! \u00a0Our creative underwriting solutions will help you obtain the\u00a0fiduciary bond<\/a>\u00a0that you need. \u00a0We can offer you Texas\u00a0probate bond<\/a>\u00a0terms no matter what your financial situation.\u00a0Visit us at\u00a0SuretyOne.com, call\u00a0(800) 373-2804<\/span>\u00a0or email\u00a0Underwriting@SuretyOne.com<\/span>\u00a0for a\u00a0Texas Personal Representative Bond<\/strong>\u00a0application or information about Texas administrator bond<\/strong> underwriting.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Texas administrator bond is often required of a\u00a0dependent administrator of a probate matter. \u00a0While 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 →<\/a><\/p>\n","protected":false},"author":1,"featured_media":2895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[219],"tags":[1176,1177,1178,1179],"yoast_head":"\nTexas Administrator Bond • Surety One, Inc.<\/title>\n<meta name=\"description\" content=\"A Texas administrator bond is often required of a dependent administrator of a probate matter.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/texas-administrator-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Texas Administrator Bond • Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"A Texas administrator bond is often required of a dependent administrator of a probate matter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/suretyone.com\/blog\/texas-administrator-bond\/\" \/>\n<meta property=\"og:site_name\" content=\"Surety One, Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Surety1\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Surety1\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-24T03:11:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-09T06:18:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/suretyone.com\/blog\/wp-content\/uploads\/personal-representative-bond-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"915\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:site\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"C. 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