Delaware Probate Bond
AmeriPro Surety Bonds | 844-589-9732
If you are required to obtain a probate surety bond in Delaware, your title in the probate process may be referred to by the court as:
- Personal Administrator;
- Executor or Trustee;
- Guardian of a minor;
- Guardian of someone incapacitated;
- A surety bond required by the Veterans administration/affairs.
The premium pricing and overall procedures required for your surety bond through our agency are likely to be the same across the board.
Amount of Surety Required
Chapter §1523 of the Delaware Code on probate states that the amount of surety will not be less than $1000; and that the probate surety bond amount will be equal to the “best estimate” of the value of the state.
Thankfully, however, the court will simply tell you the amount of surety bond required.
Qualifying and the Premium
For any Delaware probate bond up to and including a $100,000 surety bond requirement (i.e. and the same is true of a surety bond for veterans affairs), our agency offers this bond to you immediately, and without a credit inquiry.
What will be needed for a probate bond of a $100,000 or lesser amount are the following:
- A copy of the court order or some document which states that you require a probate surety bond;
- A completed application;
- Payment of the premium.
Amounts greater than $100,000
For a probate bond greater than $100,000, a credit inquiry will also be required. To be approved, good credit will be required.
In all cases, once the bond is approved and the premium paid, our agency issues the bond to you immediately for filing with your respective court.
Once paid, we’ll send your bond along with a Power of Attorney form and upon receipt, you’ll sign your bond as Principal and then file all documents provided with the respective Delaware court.
Annual Renewal of the Premium
The premium associated with your Delaware probate surety bond is not a onetime payment but renews annually on the anniversary of the bond’s issuance.
Options may be presented to you to prepay your bond up to 3 years, which saves you over renewing annually. However, should you no longer be required to have a probate bond within that time, no full or prorated refunds will be provided.
Purpose of Your Surety Bond
As an administrator of an estate, you are taking on an important fiduciary role. The bond is a financial guarantee that will discharge your duties objectively and fairly.
The probate bond exists to protect and potentially indemnify those who are harmed by the mismanagement of an appointee.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide probate surety bonds in all 50 states.
Our agency is also a provider of license and permit, court, and fiduciary surety bonds nationwide.
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