1 (844) 589-9732

North Carolina Personal Representative Bond

AmeriPro Surety Bonds offers you, or for legal counsel, your client, the North Carolina personal representative bond in any amount (minimums apply). Up to a $250,000 surety requirement, we also typically do so without a credit check inquiry. Please call our agency:
844-589-9732.

North Carolina Personal Representative Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

Surety Bond; Purpose and Amount

 

 

As a court-appointed North Carolina personal representative/executor or an administrator, if you’re reading this, it’s quite possible that the court requires you to obtain a surety bond.

The surety bond requirement is simple enough:  It is for the protection of the estate, and any heirs or creditors.  What it is not is an insurance policy.

In North Carolina, according to Article 8, § 28A-8-2 (3) a, as amended, when a personal representative is required to obtain a surety bond, the amount will be:

  • 1 ¼ times the value of all the personal property of the decedent; 
  • Or, if the value of the personal property is greater than $100,000, the amount of surety bond required will be the value of the personal property + 10%.

 

 

Qualifying and the Premium

 

 

 

Our agency offers you the North Carolina personal representative bond up to $250,000, typically, without a credit check inquiry.

If you require an amount greater than $250,000, approval of your probate surety bond is subject to further review of your application by a surety bond underwriter.  This review will include a credit check.  To be approved at these higher amounts, good credit will be required.  

You may also be asked to provide supporting information or documentation as a condition of your application’s approval. 

For a personal representative/executor bond in any amount, our agency will need the following from you:

  •  A copy of the North Carolina court order appointing you as personal representative/executor, etc., and which states the surety bond amount required of you;
  • A completed application.  We can usually provide an application to you via DocuSign.  This will allow you to sign, complete, and return the application to our agency;
  • Upon approval of your surety bond, payment of the first annual premium.

Your surety bond and a Power of Attorney form are issued to you upon payment of the first annual premium.  These will be sent to you for signing.  

Upon receipt, you’ll sign and file the completed documents with the respective North Carolina probate court.

 

 

 

Annual Renewal of the Premium

 

 

 

The premium associated with your personal representative/executor 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 non refundable in whole or in part.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency.  We provide license and permit, court, probate, and other surety bonds in North Carolina, and all 50 states.

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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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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