Kentucky Personal Representative Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond; Amount and Purpose
As a Kentucky court-appointed personal representative, you may be appointed as an administrator, executor, or as an administrator with will annexed, over the estate of a decedent.
For purposes of securing your probate surety bond, all of these terms may be used interchangeably.
As a prerequisite to assuming your appointment as fiduciary, according to Kentucky Revised Statutes 395.130, as amended, you are required to give surety bond in an amount to be determined and ordered by the court.
The surety bond serves as a financial guarantee for the presiding probate court, creditors, and any heirs, that you’ll perform your fiduciary responsibilities in accordance with the law.
Qualifying and the Premium
Our agency offers you the Kentucky personal representative bond in any amount. Up to a $250,000 surety bond requirement, we also do so without a credit check.
If you require an amount greater than $250,000, your application is approved subject to a further review by a surety underwriter. This review includes a credit check inquiry and the providing of any additional information or documentation requested.
Furthermore, for these greater amounts, approval is dependent upon a determination of “good credit”.
For any personal representative bond in any amount, our agency will need the following from you:
- A copy of the order from the Kentucky probate court appointing you personal representative and ordering a surety bond amount;
- A completion of a surety bond application. The application may be sent to you via DocuSign. This allows you to sign, complete, and return the application online, without having to print anything;
- Review of your completed application and probate court order;
- Upon approval of your bond, payment of the first annual premium.
Our agency issues your personal representative surety bond and a Power of Attorney form to you immediately upon payment of the premium.
When you’ve received these by mail, you’ll sign your bond as Principal, thereafter filing both documents with the Kentucky probate court.
Annual Renewal of the Personal Representative Bond Premium
The premium associated with your Kentucky personal representative bond is not a one-time only payment. Rather, the premium renews annually on the anniversary of your bond’s issuance for as long as the court requires surety.
Premiums paid are earned in full, and are nonrefundable both whole or in part.
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