Hawaii Probate Bond |
AmeriPro Surety Bonds | 844-589-9732
While “probate” typically refers to the estate of someone deceased, this is not always the case. Accordingly, a probate surety bond can be required of someone who:
- Acts as the guardian of a veteran (either court or non-court appointed) and is therefore required to obtain a surety bond on behalf of the Veterans Administration;
- Acts as a guardian of someone incapacitated or incompetent;
- In addition to the Personal Representative of a the estate of a decedent;
- Or Trustee of an estate.
For the Hawaii probate bond, the premium pricing offered is the same across the board for all categories.
Qualifying and the Premium
Up to and inclusive of a $100,000 surety bond requirement, our agency offers you the Hawaii probate bond practically immediately, and certainly without a credit check.
To qualify, you will need to do the following:
- Provide a copy of the court order (or some other government documentation) which states the amount of surety bond required;
- Complete an application, which can be completed over the phone with our surety agent.
Once the premium is paid, the bond issued to you immediately and sent to you for filing. As an example of costs, a $100,000 surety bond will have a $500 premium. Again, this is offered to you without a credit inquiry.
Amounts Greater than $100,000
For a Hawaii probate surety bond greater than $100,000, in addition to the above documents, a review by an underwriter, along with a credit check will be required.
In order to be approved by our agency, for amounts above the $100,000 threshold, good credit will be required.
Annual Renewal of Premium
The premium associated with a Hawaii probate bond (or Veterans Affair bond) is not a onetime payment. The premium renews annually on the anniversary of the bond’s issuance for as long as the court requires surety.
Options exist to prepay your bond up to 3 years which will save you over annual renewals, besides lengthening the time between renewals.
Should you choose this option, please keep in mind that if the court exonerates your bond in the within that time, refunds are not offered.
Amount of Surety Required
According to Hawaii statute §560:3-604 the amount of surety bond required (for probate estates of a decedent) will be equal to an estimation of the value of the state and the expected income the estate should earn in the following year.
Purpose of Your Surety Bond
The purpose of a probate bond is to serve as a financial guarantee for the court and any heirs; or in the case of a Veteran Administrator, the veteran, that you will act in a lawful, disinterested capacity as a fiduciary over the estate to which you have been appointed.
The bond protects those others from acts of malfeasance or fraud in the administration of an estate.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide probate surety bonds nationwide. We are also a provide of license and permit bonds in all 50 states.
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