Florida Probate Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond & Purpose
Probate has been defined as “…the process of proving a will.” As a condition of a Court appointment of an estate, the court may require you (or for legal counsel, your client) to obtain a surety bond.
The bond may be required of any persons who are categorized and denoted as any of the following:
- Guardian (a Florida guardian bond, unlike a traditional probate bond, is required on behalf of a living person);
- Personal Representative;
- Veterans (also on behalf of a living person) and discussed in detail.
The probate bond is required pursuant to Florida Code, 733.402, and serves a financial guarantee for the Court (and any heirs) that you will faithfully perform your duties in accordance with all laws and directives of the presiding Court.
Qualifying and the Premium
Our agency offers you the Florida probate bond in any amount required of you; and up to, and inclusive of a $100,000 surety bond amount, we also do so without a credit check inquiry.
Regardless of the amount of probate surety bond required, we’ll need all of the following in order to issue your bond:
- A copy of the Court Order which mandates obtaining surety. This order is important for obvious reasons, but it also provides us with other much-needed information that will also appear on your bond. In some very rare instances, a bond is required without a formal Court order; in which case it will be up to you to supply the missing information;
- A signed surety bond application. The application is short; in fact, we’ll complete much of it with you over the phone. The application, will, however, require your signature and that of a witness before it can be issued.
For surety bonds greater than $100,000, in addition to the above items, your application is also reviewed by an underwriter.
The underwriter review process includes a credit check inquiry. To be approved for the Florida surety bond amount greater than $100,000 (even if by just $1), through our agency, good credit is required.
Approval of Your FL Probate Surety Bond
Upon approval of your surety bond, and payment of the premium, our agency issues your probate bond to you immediately.
Your surety bond and a Power of Attorney form will be signed by us as Surety; upon receipt, you’ll sign your bond as Principal.
You will then file all completed documents with the presiding court, usually the Clerk of the Court.
Annual Renewal of the Premium
The premium associated with your Florida probate bond is not a onetime payment, but renews annually for as long as the Court requires surety.
Options exist to prepay your premium for 2 or 3 years. Doing so offers a savings over annual renewals.
Bear in mind, however, that should your case be resolved and your bond exonerated (essentially, no longer needed as determined by the Court), no refunds, either in full or prorated, will be offered.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, Court, probate, and other surety bonds in Florida and all 50 states.
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