Washington D.C. Probate Bond
AmeriPro Surety Bonds | 844-589-9732
Probate in Washington D.C.
Probate is sometimes defined as the “process of proving a will”. While this is of course true, guardians of living minors and of those incapacitated are also sometimes required to obtain a probate surety bond.
A surety bond for a probate matter may in fact be required of persons who are given the following titles by the court:
- Personal Representative, which appears to be the term used most frequently in Washington D.C.;
- Executor or Administrator;
- Guardian of Minor;
- Guardian of Incompetent;
- And a surety bond required for those who administer the estate of a living veteran, known as a Veterans administration surety bond.
Our agency provides the Washington D.C. probate bond in any category required.
Amount of Bond Required in Washington D.C.
An estate that is worth $1,000 or more, except those which have been previously exempted, may require a probate surety bond of a Personal Representative.
According to the Code of the District of Columbia, §20-502, the amount of the probate bond will be the “probable” maximum value of the personal and Washington D.C. real property; however, ultimately the bond amount required of you will be whatever your probate judge decides.
Qualifying and the Premium
Our agency offers the Washington D.C. probate bond in whatever amount you require; but up to and including a $100,000 surety bond amount, we also offer this bond without a credit inquiry.
Regardless of the amount of your D.C. probate surety bond, we’ll need the following from you:
- A copy of the Court Order which states the amount of surety bond required. This Court Order will also provide us with needed information—i.e. the name of the estate, the name of the court, case number, etc.;
- A completed surety bond application. For those who require a bond greater than $100,000, it must be signed; for amounts $100,000 or less, it doesn’t need to be signed;
- For amounts greater than $100,000, to qualify an applicant will provide a signed and completed surety bond application. The application will then be reviewed by an underwriter. This review includes a credit check.
For a probate surety bond amount greater than $100,000, good credit is needed for approval from our agency.
Regardless of the amount, once your surety bond is approved and the premium is paid, our agency issues your bond to you immediately. Upon receipt in the mail, you’ll sign your bond as Principal and file it with the Clerk of the Court.
Annual Renewal of the Probate Surety Bond Premium
The premium associated with your Washington D.C. probate bond is not a onetime payment, but renews annually on the anniversary of its issuance.
This annual renewal will take place for as long as your estate matter is in probate court; or for as long as the Court requires bond.
Options exist to prepay your probate surety bond up to 3 years. Doing so saves you over annual renewals. However, no refunds, either prorated or in full, will be offered should your matter resolve and your bond be exonerated before the end of the term.
Purpose Of Your Surety Bond Requirement
While required of you as as Personal Representative (or any of the above titles), your surety bond is a financial guarantee for others – not you — that you will faithfully, lawfully, and disinterestedly handle the matters of the estate entrusted to you for the benefit of any heirs, minors, veterans, incompetents, etc.
AmeriPro Surety Bonds is a surety bonds-only agency. In addition to probate bonds, we provide license and permit, and other surety bonds as required.
Additionally, our agency provides surety bonds in all 50 states.
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