FAQs

A probate bond is essentially the same as an estate bond, executor bond, or fiduciary bond. When a person dies, usually a will is left. The probate bond, purchased by the will executor, ensures that the wishes of the deceased as expressed in the will are carried out ethically and honestly. Probate is the court-supervised process of gathering the deceased person’s assets, paying debts and taxes, and distributing what’s left to inheritors. Unless family members or creditors are fighting, there’s very little court supervision. Mostly, probate is paperwork.

Conservatorship—Acting for Adults Who Become Disabled. A conservator is responsible for the collection, preservation, and investment of the individual's property and must use the property for the support, care, and benefit of the individual and his or her dependents. A conservator has a duty of loyalty and may not use any of the individual's assets for his or her own personal benefit. The court typically requires the filing of a fiduciary bond.

Duties of an Appointed Personal Representative. Once appointed and qualified the power and duties of a personal representative appointed by either informal proceedings or formal proceedings are virtually the same. Letters of Authority For Personal Representative ( PC 572) will be issued by the court or register once the personal representative qualifies by filing an Acceptance of Appointment ( PC 571) and a bond if bond is required. (Download Application)

The Bond Agency writes all types of Fidelity Bonds (also know as Dishonesty Bonds) for all types of businesses. These bonds protect a business against theft by employees. In many cases a Fidelity Bond can be written to provide coverage to a third party (i.e. customers of the business). Business Service Bonds / Janitorial Service Bonds are examples of bonds that extend third party coverage. If you are a janitorial service company and you wish to obtain third party Fidelity coverage to protect your customers, select the Business Services Bond. We also write standard Fidelity Bonds for businesses. We have applications for bond limits below $500,000 as well as above $500,000. Business Services Bond. Required of small businesses such as janitorial services and home health care services, or any business that provides their service inside of another premises. ERISA Bonds. Bonds required to comply with Federal Statutes governing 401(k) and other retirement accounts.

We write all types of License & Permit Bonds for businesses and individuals. For example… Plumbers & Electricians License bonds, Contractors License bonds, Auto Dealer & Mortgage Brokers Bonds, and many, many more! These bonds guarantee that the Principal will perform their obligations under the license or permit. A bond issued by a us guarantees to the Owner (Obligee) that the Contractor (Principal) will complete the work in accordance with the contract. These Bonds are typically issued for an amount equal to the contract amount. The contract is referenced in the performance bond and the performance bond guarantees every line and every word of the contract.