Probate Bonds
Probate bonds are required by courts for the estates of deceased or, incompetent persons and minors. Probate Bonds guarantee that the fiduciary (executor, administrator, trustee, etc) will perform their duties properly. In other words, this type of surety bond provides assurance that the executor of an estate properly manages, collects, or distributes, the assets of the disabled or deceased person whom they are obligated to act on behalf of, in accordance with the underlying agreement (trust, will, etc) or court direction.
