Kansas Probate Bond |
AmeriPro Surety Bonds | 844-589-9732
Probate Surety Bond – Kansas
While probate is defined as the process of “proving a will” – and it is – probate can also more broadly refer to those who are appointed as:
- Guardian of a minor;
- Guardian of someone incompetent or someone incapacitated;
- In addition to personal administrators, and administrators with will annexed.
What is written here with respect to the premium of your probate bond applies to all groups. Laws referenced, however, will refer to probate surety bonds related to the estate of a decedent.
Amount of the Probate Bond
According to Kansas law, a Kansas probate bond will be not less than 125% of the value of the personal property and the income expected to be earned by the estate, Kansas Revisor of Statutes 59-1101.
In order for our agency to write your surety bond, we require a copy of the court order stating the amount of surety required.
Qualifying and the Premium
Up to and including a $100,000 surety bond, our agency offers you the Kansas probate bond (in any of the above-mentioned categories) for immediate issuance after completion of an application.
For any probate bond up to this amount, there is no credit check involved. You will just need to:
- Provide a copy of the court order
- Complete a surety bond application;
- Pay the respective premium.
Thereafter, our agency issues this bond to you immediately, and your bond, along with the Power of Attorney form, will be mailed to you.
Probate Bond Amounts Greater Than $100,000
For a probate surety bond greater than $100,000 a credit check is required and applicants will need good credit in order to qualify. Depending on how large the bond is, in addition to a credit check, there may be a request for a financial statement. Items needed will be determined on a case-by-case basis.
Annual Premium Renewal
The premium for your Kansas probate bond is not a onetime payment. For as long as your probate bond is active and required by the court, the premium renews annually on the anniversary of its issuance. Our agency also offers you the option to prepay your required bond up to 3 years, which offers you a savings over year to year renewal of your surety bond.
If you choose this option and your bond expires before the end of your premium period, we do not grant refunds or prorating of your bond’s premium.
Purpose of Your Surety Bond
Regardless of the type of probate surety bond category you require as a condition of being appointed as a guardian or trustee, you are acting in a fiduciary capacity. The purpose, therefore, of this bond is a financial guarantee that you will exercise your duties lawfully, disinterestedly, and in accordance with any directives of the court and Kansas state law.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit bonds throughout Kansas.
Our agency also provides surety bonds nationwide.
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