Illinois Probate Administrator Bond |
AmeriPro Surety Bonds | 844-589-9732
Surety Bond; Purpose
Probate is sometimes defined as the process of proving a will. If you are on this page, you may require a probate administrator, as ordered by the court. You may also be legal counsel for a putative Administrator.
In Illinois, this bond is required pursuant to Illinois Compiled Statutes, 755 ILCS, as amended.
The purpose of the administrator surety bond is to serve as a financial guarantee for the court, the estate, and any heirs, that you will be in compliance with all laws and lawful directives from the court, concerning the administration of the Illinois estate.
Qualifying and the Premium
Our agency qualifies you for the Illinois probate administrator bond in any amount that the court requires. Up to a $250,000 requirement, we also do so without the delay involved with a credit inquiry.
If you require a surety bond greater than $250,000, approval is granted after review of your surety bond application and a credit check. Good credit will be required for approval.
Additionally, depending on the amount of the bond, you may be asked to supply additional information.
For any Illinois probate administration bond, our agency will need the following from you:
- A copy of the court order or the court minutes stating that an administration surety bond is required;
- A completed application. The application can be sent to you via DocuSign to facilitate ease of completing;
- Review of your completed application, subject to the dollar threshold amounts discussed above;
- Upon approval of your bond, payment of the premium.
Once your probate administrator bond is approved and the premium paid, our agency issues your bond to you immediately.
Included with your probate administrator bond bond will be a Power of Attorney form.
You’ll sign your bond and, along with the POA, file it with the probate court.
Annual Renewal of the Premium
The premium associated with your Illinois probate surety bond renews annually on the anniversary of its issuance for as long as the court requires surety.
Premiums paid are earned in full, and are non-refundable either in part or in entirely.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and other surety bonds in Illinois and all 50 states.
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