1 (844) 589-9732

Texas Probate Bond

A Texas probate bond is a type of fiduciary surety bond required by a probate court. The bond is required of an estate’s representative to protect any heirs and/or creditors of the estate upon settlement. AmeriPro Surety Bonds works for you to provide you the bond pricing. Call us now:
844-589-9732.

Texas Probate Bond | AmeriPro Surety Bonds | 844-589-9732

 

 

Update:  For any probate or guardian surety bond in Texas, up to and including $100,000, our agency offers you the required surety bond instantly and without a credit check.  What this means for you is that after payment of the premium, the bond is issued to you immediately.  For amounts greater than $100,000, a credit inquiry and what follows below is still applicable. 

Texas Probate Bond: Governing and Purpose

 

 

 

Texas probate bonds are governed under Chapter 7, Part 2 Section 194 under Oaths and Bonds of personal representatives.

When required by a judge, the probate bond is a financial guarantee that an estate’s representative will act in accordance of the law and not mismanage, defraud, or commit any criminal activities in their fiduciary capacity as an estate’s representative.

Probate bonds are also required to ensure that upon an estate’s settlement, the heirs will receive what is rightfully theirs without having to worry about money squandered or misappropriated.

 

 

 

The Amount for a Texas Probate Bond

 

 

 

As you might have guessed, the amount of a Texas probate bond will be contingent on the value of an estate.

A judge will ultimately decide the amount of probate bond required.

Factors which may determine the amount of bond needed include:

  • The amount of debt an estate has;
  • What the estate is projected to earn in the next 12 months. This amount may include investments, businesses owned by the estate, dividends on stocks, interest payments on investment bonds, and related items;
  • The amount of cash on hand in the estate;
  • The value of any art held by the estate;
  • Other concerns as may be deemed appropriate.

Depending on the value of an estate, the amount can be either relatively small or large.

 

 

 

The Premium of a Texas Probate Bond

 

 

 

While the amount of the probate bond required is one thing, the premium is a small percentage of that amount.

Applicants for a Texas probate bond should be fully aware that the premium on a Texas probate bond renews annually for as long as the estate is in probate.

The premium of the probate bond required will be determined by:

  • The applicant’s financial standing. A financial disclosure may be required;
  • Other assets held by the estate’s representative, which may include any real property;
  • The applicant’s credit report. (This may be singularly the most important item). Persons who do not qualify credit-wise may not be permitted to be an estate’s representative.

For instance, an administrator of an estate for a Texas probate bond may pay under $4,000 annually, for an estate valued at $1mm. This is with good credit.

Applicants who have poorer credit scores should be financially prepared to pay substantially more.

Of note is that a probate bond can be prepaid for a period of up to 3 years thereby offering a savings on the overall premium due as opposed to paying annually.

Using the same example above, a probate bond on an estate of $1mm prepaid 3 years may have a payment of just over $10,000.00.

 

 

 

The Probate Bond: It’s all About the Creditors and Heirs

 

 

 

Applicants for a probate bond should understand that the bond is really about protecting the interest of others, namely any heirs and creditors to an estate.

The bond, therefore, does not protect the administrator or representative of the estate at all; it is not an insurance policy.

The bond, again, is required to ensure that the representative acts in an honest capacity as an estate’s representative.

 

 

 

AmeriPro Surety Bonds

 

 

 

AmeriPro Surety Bonds will work with you to obtain the best pricing for your Texas probate bond.

As a surety bond-only agency, AmeriPro Surety Bonds provides license and permit, court, and fiduciary bonds throughout all of Texas.

We also provide surety bonds in all states.

Request a Callback

  • Date Format: MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

 

 

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.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

Indiana Replevin Bond

Indiana Replevin Bond AmeriPro Surety Bonds | 844-589-9732       Indiana Action of Replevin; Surety Bond and Purpose       An replevin action takes place in a civil litigation proceeding. The Plaintiff, permitted by order of the presiding...

Illinois Probate Bond

Illinois Probate Bond AmeriPro Surety Bonds | 844-589-9732       Surety Bond; Purpose       Probate is the legal process of “proving” a will. Probate may also be required when a decedent is intestate, that is, dies without a will, to...

Illinois Replevin Bond

  Illinois Replevin Bond AmeriPro Surety Bonds | 844-589-9732     Surety Bond; Purpose And Amount       An action of replevin, alternately referred to as a “writ of attachment” or sequestration, occurs when a Plaintiff, in a civil...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)