Oregon Personal Representative Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond; Purpose and Amount
As a condition of your appointment as an Oregon personal representative, the presiding probate court may require you to obtain a surety bond. This may have already occurred at a recent court proceeding if you or legal counsel are now reading this page.
While a surety bond is being required of you as personal representative, its benefit is for any heirs and/or creditors having a financial interest in the estate.
Oregon statutes indicate that factors which will determine the surety bond amount required include:
- The value of the decedent’s estate;
- Any income the estate is anticipated or projected to earn;
- Any tax indebtedness held by the estate.
With respect to being a personal representative and qualifying for the surety bond, what is written here is equally applicable to an Oregon court-appointed executor or administrator of an estate.
Qualifying and the Premium
The Oregon personal representative bond is potentially available to you in any amount required.
Up to a $250,000 surety requirement, we also typically do so without a credit check inquiry.
If you require an amount greater than $250,000, approval is subject to an underwriter review and the determination of good credit. Additionally, at these levels, retained legal counsel is typically expected to be involved in the case.
You may also be asked to provide supporting documentation or information as a condition of approval.
For any Oregon personal representative bond, our agency will need the following from you:
- A copy of the court order appointing you personal representative and which states the surety bond amount required;
- A completed surety bond application. The application is typically provided to you via DocuSign, but your particular circumstances will determine whether or not this is an option. DocuSign is convenient and easy; it allows you to sign, complete, and return your application electronically;
- Review and approval of your surety bond.
Issuing Your OR Personal Representative Bond
Your Oregon probate surety bond is issued to you immediately upon payment of the first annual premium.
Included with your surety bond will be a Power of Attorney form. Upon receipt by mail, you’ll sign your bond as Principal and then you’ll file it along with the POA to the presiding Oregon probate court.
Annual Renewal of the Premium
The premium for this surety 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, both in whole or in part.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, fiduciary, and other surety bonds in Oregon and all 50 states.
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