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Insurance Brokerage.
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Kaercher & Associates
Insurance Brokerage
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Probate Bonds
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Probate is the legal process in which a court oversees the distribution of property left in a will. A bond naming the state as the obligee may be required. 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.
This table shows maximum rates for uncollateralized bonds. Rates may vary based upon financial review.
| Type of Bond |
Rates Per $1000 |
Minimum Annual Premium |
Required
Underwriting
Information |
| All Bonds |
Bonds Exceeding $100,000 |
Administrator
Executor
Personal Representative |
First $10,000
$10
Next $50,000
$5
Next $140,000
$4
Next $300,000
$3 |
$100 |
A,B |
C |
Conservator
Committee or Custodian |
First $10,000
$10
Next $50,000
$5
Next $140,000
$4
Next $300,000
$3 |
$100 |
A,B |
| Guardian |
First $10,000
$10
Next $50,000
$5
Next $140,000
$4
Next $300,000
$3 |
$100 |
A,B |
| Testamentary Trustee |
First $10,000
$10
Next $50,000
$5
Next $140,000
$4
Next $300,000
$3 | $100 |
A,B,C |
Underwriting Key
A. Complete Short Form Application
B. Copy of Court Order Requiring the Bond
C. Copy of Will or Trust
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