(844) 589-9732

New York Administrator Bond

February 8, 2021

The New York administrator bond is offered by our agency in whatever amount the state's surrogate court requires of you. Up to a $250,000 surety bond requirement, we also typically offer this bond without a credit check inquiry. Please call AmeriPro Surety Bonds at:
844-589-9732.

New York Administrator Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bonds; Purpose and Amount

 

 

 

As a condition of your NY state/surrogate’s court-appointment over the estate of a decedent, New York statutes require you to obtain a surety bond.

The surety bond required of you as an administrator, equally refers to those appointed as temporary administrator, or administrator c.t.a, executor, etc.

Your surety bond serves as a financial guarantee of your compliance with all New York state laws and regulations incumbent upon you as administrator (and any of the related designations).

The amount of the surety bond required will be determined by the size of the estate over which you have been appointed.  At its discretion or according to local rules and custom, the court may also take into account any projected income the estate may be expected to earn when determining the surety bond amount.

 

 

 

Qualifying and the Premium

 

 

 

Our agency offers you the New York administrator bond in any amount.  

Up to a $250,000 surety bond requirement, typically, we do so without a credit check.

If you have a requirement greater than $250,000, approval is subject to review of your application and a credit check inquiry.  Good credit will be required for these higher amounts.  Also, you may be required to provide supporting documentation or information as a condition of that approval.

For any New York administrator/temporary administrator/administrator c.t.a. bond, our agency will need the following from you:

  • A copy of the New York court (frequently a surrogate’s court order) appointing you administrator and stating the surety bond amount required of you;
  • A completed surety bond application.  The application is usually sent to you via DocuSign.  This will allow you to sign, complete, and return the application to us electronically;
  • Review of your completed surety bond application;
  • Upon approval of your surety bond, payment of the first annual premium.

Our agency issues your administrator surety bond and Power of Attorney form to you upon payment of the premium.  You will sign your bond as Principal.  After this, it will be either your duty or that of your attorney to file the bond with the New York probate/surrogate’s court.

 

 

 

Annual Renewal of the Premium

 

 

 

The premium for your New York administrator 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, either in whole or in part.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency.  Besides, probate bonds, we are also a market for court and license and permit bonds.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you...

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