A Florida personal representative bond may be required pursuant to FL G.S. §733.402 unless a specific waiver is granted by the court holding jurisdiction. Section (4) specifically affords the court authority in its sole discretion to require a fiduciary to post bond, "On petition by any interested person or on the court’s own motion, the court may waive the requirement of filing a bond, require a bond, increase or decrease the bond, or require additional surety."
Each fiduciary letters of administration, unless waived must file a bond with the appropriate clerk of court. The Florida fiduciary bond must run to the Governor of the state and the Governor’s successors in office. The surety's obligations is to guarantee the performance of all duties of a personal representative according to law. There are many responsibilities imposed on a court-approved personal representative or administrator. Surety companies generally require the participation of an attorney-at-law in all probate matters administrated by a non-attorney fiduciary.
Identify legal counsel that specializes in estate cases on Martindale's website.
Underwriting of fiduciary bonds requires review by a surety specialist with knowledge of the statutes that regulate the activity of personal representatives in the jurisdiction where the bond will be filed. Florida surety bond leader, Surety One, Inc., specializes in this class of surety bond. We offer these in all fifty states, Puerto Rico, Canada and U.S. Virgin Islands. Application submissions are reviewed and quoted on the same day as they are received. We are the MOST RESPONSIVE fiduciary bond underwriter in the insurance business. Call (800) 373-2804, email us at Underwriting@SuretyOne.com or chat with us live here about your Florida personal representative bond need.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.