New York Probate Administrator Bond (Probate Bond ~ New York)

A New York administrator bond is required for appointment by the surrogate court. As an estate administrator it is essential to fulfill your responsibilities diligently, which is specifically what the probate bond guarantees. A Probate Administrator Bond, also known as an Executor Bond or Fiduciary Bond, is a type of surety bond required by the surrogate court to ensure that the appointed probate administrator faithfully performs his or her duties and handles the estate's assets as a responsible fiduciary. This bond protects the estate and its beneficiaries from any misfeasance, malfeasance or non-feasance on the part of the administrator.

Per the New York State Court web portal, "When a person dies, who inherits depends on whether there is a Will and who the living relatives are and their relationship to the person who died. When a person dies, who inherits depends on whether there is a Will and who the living relatives are and their relationship to the person who died. When the person who died (the Decedent) had a Will then the Will must be filed in Surrogate's Court and admitted (approved) for probate. Probate is the process of proving that the Will is valid (legally acceptable). During probate, the Will must be proved to the satisfaction of the Court that it's the Last Will and Testament of the person who died. Once the Judge in Surrogate's Court, who is called the Surrogate, is convinced that the Will is legally acceptable, the Executor named in the Will is appointed to give out the estate (everything of value) that belonged to the person who died and carry out the wishes of the person who died. The Surrogate's Court oversees this process. If the Decedent died without a Will, then an administration proceeding should be filed." In some cases a New York administrator surety bond can be waived, generally only in those cases in which the will specifically states so.

The application process is simple and quick. We, as all surety companies require the participation of an attorney licensed in the state of the probate matter that practices probate law.

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. New York surety bond leader, Surety One, Inc., specializes in fiduciary bonds. We offer probate bonds 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 Illinois probate bond underwriter. Call (800) 373-2804, email us at Underwriting@SuretyOne.com or chat with us live here about your New York adiministrator bond need.

Surety bond application review and quoting are free of charge. There is no obligation to purchase.

What We Need From You

Obligee's Bond Form