Administrator Bond

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A Administrator bond is considered a court bond, The Court sets the surety bond amount usually based upon the estate value. Administrator Bonds are frequently required by courts when an Estate for a deceased person is opened, or for guardianships of minors or incapacitated individuals. Its purpose is to require the person responsible for all fiduciary duties, especially as they apply to the sale of real estate, to discharge them according to law. The Administrator Bond is an instrument used by the court to ensure proper handling of the assets of the estate.

 

We can also write Surety bonds nationwide