In Montana, it is likely that if your require a probate bond, your official title is as a Personal Representative. Other titles are sometimes attached to persons who are required to furnish evidence of surety; including those who act as guardians for a living person.
What we write below with respect to pricing and documentation required will typically across the bond for all surety bond types needed in Montana.
For any Montana probate bond up to, and inclusive of, a $100,000 surety bond requirement, our agency offers this bond to you immediately without a credit inquiry.
What we will need to issue your probate surety bond are the following:
Amounts Greater than $100,000
For a MT probate surety bond greater than $100,000 – even if by just $1 --- the difference in processing your application are:
In both cases, once the premium is paid, our agency issues the bond to you immediately. Your surety bond, along with a Power of Attorney form will be sent to you. Upon receipt, you’ll sign your bond as Principal and then file it with the Montana probate court.
The premium associated with your probate surety bond is not a onetime payment. Rather, the premium renews on the anniversary of your bond’s issuance.
For whatever bond amount you require, our agency offers you the ability to prepay your bond up 3 years. Doing so lengthens the time between renewals, and saves you over renewing each year.
We should add, however, the should your bond be exonerated and no longer required, refunds either prorated or in full are not offered.
Amount and Purpose of Your Surety Bond
According to 72-3-515 of the Montana Code Annotated, the amount of the probate bond is equal to:
Other surety bond types will have an amount to be set by the court according to local and state rules.
As an Administrator or Personal Representative of an estate (ditto for Guardians, Executors), your Montana surety bond is a financial guarantee that you will observe all laws and duties in your fiduciary capacity.
The bond, therefore, protects others from harm and any financial loss which an estate may suffer due to poor, negligent, or fraudulent mismanagement.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide probate, Veterans administrator and other fiduciary surety bonds in all 50 states.
Our agency is also a provider of license and permit surety bonds nationwide.
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