Missouri Personal Representative Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bonds; Amount and Purpose
As a condition of assuming duties as a Missouri personal representative over the estate of a decedent, the court may order you to obtain a surety bond.
According to Missouri law, the amount of the surety bond required (at least for an estate without a will, and possibly for estate with a will) is the value of the personal property.
The surety bond requirement serves as a financial guarantee of your compliance with all Missouri state laws concerning the administration of the estate of a decedent. The surety bond, while required of you, is for the benefit of any heirs or creditors to the estate.
Along the same lines, what we write here is equally applicable to Missouri court appointed administrators/administratrix and executors of an estate.
Qualifying and the Premium
Our agency offers you the Missouri personal representative bond in any amount. Up to $250,000 surety bond requirement, we also typically provide this probate surety bond to you without a credit check inquiry.
If you require an amount greater than $250,000, approval is subject to the following:
- Review of your application by a surety bond underwriter
- good credit;
- and, providing any additional information or documentation, as may be requested as part of the underwriting process.
For any Missouri personal representative/executor/administrator surety bond, our agency will need all of the following from you:
- A copy of the Missouri court order appointing you representative and stating the surety bond amount required of you;
- A completed surety bond application. The application can in most cases be sent to you via DocuSign. This will allow you to sign, complete, and return the application to us electronically;
- Upon review of your completed application, payment of the premium.
Our agency issues your bond and a Power of Attorney form to you upon payment of the premium. You will sign your bond as Principal and you’ll file both of these items with the presiding Missouri probate court.
Annual Renewal of the Premium
The premium associated with your personal representative bond 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 in part and in whole.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and other surety bonds in all 50 states.
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