The probate process in West Virginia – and elsewhere – typically refers to the Personal Representative in his or her capacity as the administrator of the estate of a decedent.
However, a probate bond can also refer to persons who are living. Instances of these include surety bonds required of:
In addition to administrators or executors of wills of an estate.
Insofar as it relates to obtaining your probate surety bond, including costs and requirements, what we write here generally goes across all classifications.
Up to and including a $100,000 surety bond requirement, our agency offers you the West Virginia probate bond without a credit check, and for a flat premium (depending, of course, on the amount of surety required).
To facilitate the obtaining of your bond, you’ll need to provide the following:
A $100,000 surety bond, as an example, will have a premium of $500.
Amounts Greater Than $100,000
For a probate amount greater than $100,000 (even if by $1), in addition to the above, a credit check is also required. Good credit will be required to be approved through our agency.
Additionally, depending on how large the surety bond is that you require, you may be asked to provide additional information (i.e. a financial statement, tax returns, banking statements, etc.). It will all depend on the size of the bond and any exigent circumstances.
Your premium for the West Virginia probate bond is not a onetime payment, but instead renews annually on the anniversary of its issuance for as long as the court requires surety.
Our agency also offers you the option to prepay your bond for up to 3 years. Choosing this option saves you over renewing each year, besides lengthening the period between renewals. However, refunds are not granted should the case close and your surety bond be exonerated before the end of your premium term.
Purpose of Your Surety Bond Requirement
The purpose of your surety bond is summed up succinctly in West Virginia Code statute §44-1-6 which states that you will perform your duties faithfully and to your best judgment.
AmeriPro Surety Bonds provides probate bonds nationwide. As a surety bonds-only agency, we also provide license and permit bonds in all 50 states.
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