Probate Bond | AmeriPro Surety Bonds | 844-589-9732
What is a Probate Bond?
In short, a probate bond is a surety bond that is required to ensure that the executor of an estate will comply with the wishes of the deceased.
The bond is issued to ensure that the trustee will not mismanage the property or items in the estate or wrongly spend any monies in the estate.
Who Requires a Probate Bond?
A probate bond can be requested by those who will have an inheritance from an estate once the estate is fully settled.
Such persons want to ensure that upon settlement of the estate, funds or any property will be rightly and fully transferred to the heirs as instructed in the will. The heirs are essentially protecting themselves from any possible malfeasance on the part of the will executor.
Probate bonds may also be required by a probate court.
In either case, a probate bond when requested is not an option; it must be purchased in order for the probate proceedings to continue.
How much will a probate bond cost?
The cost of a probate bond will depend on several factors:
One, is the amount underlying value of the estate. The probate bond is issued for the estate’s total value.
The second cost is the principal’s financials. The principal is the person who is required to purchase the probate bond.
Finally, the credit report and score of the principal is a determining factor in the premium amount required to have this bond issued.
Applicants with good credit and financials may only pay a small percentage of the probate surety bond.
Getting a Probate Bond with ‘Bad Credit’. We are here to help you…
AmeriPro Surety Bonds understands the urgency in purchasing a probate surety bond. We also understand that not all persons who need this bond will have optimal credit scores.
You need not be embarrassed by your credit situation. Our agency will do its best to find the lowest premium price for your probate bond.
Unfortunately, your premium may be substantially higher than it otherwise would be. Still, we will do everything in our power to go to bat for you to get you the best pricing.
Our surety bond agency is here to help you regardless of your credit situation.
More About AmeriPro Surety Bonds
AmeriPro Surety Bonds is a surety bond only company. We not only provide California probate bonds. We provide probate bonds in all 50 states and jurisdictions.
Call us for your probate bond today: 844-589-9732