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PROBATE BONDS

ADMINISTRATION

A bond which is furnished by the executor or administrator of an estate. It guarantees that the estate will be settled in accordance with the terms of the Will, or, if there is no Will, in accordance with the law. It guarantees the fidelity of the executor or administrator. (Download Form Adobe_PDF_file_icon_32x32 or Apply Now)

PRELIMINARY EXECUTOR

Person appointed as fiduciary prior to a will being admitted to probate or administration of an estate, with no power to make distribution of estate assets pursuant to the will until such time as the will has been admitted to probate. (Download Form Adobe_PDF_file_icon_32x32 or Apply Now)

GUARDIAN

This bond guarantees faithful performance of the duty of a fiduciary appointed by the court to administer the estate of an incompetent person. (Download Form Adobe_PDF_file_icon_32x32 or Apply Now)

RECEIVER / REFEREE

When a petition is filed in bankruptcy, the court will appoint a receiver to look after the bankrupt’s property until there has been a meeting of creditors and a permanent trustee is appointed. This bond covers the faithful performance and accounting of monies in connection with the operation, reorganization and rehabilitation of debtors business. (Download Form Adobe_PDF_file_icon_32x32 or Apply Now)

TRUSTEE

The bond covers faithful performance of the duties of the trustee named in a will – testamentary trustee or covers faithful performance of duty by a person appointed trustee in a bankruptcy proceeding. (Download Form Adobe_PDF_file_icon_32x32 or Apply Now)