California Bond for Administrators, Executors, Personal Representatives

Bond Details

CA Bond for Administrators, Executors, Personal Representatives – Bond Amount Varies – Bond Cost Varies

Overview

Individuals who manage the estate of a deceased person most likely need to be bonded. If a California probate court has appointed you, you’ll need an administrator bond. If you’ve been named in a will, you’ll need an executor bond.

Both types of probate bonds serve the same function, which is to protect the beneficiaries and heirs from financial harm should you fail to perform the duties of a personal representative accordingly.

Principal: Administrator or executor (you)
Obligee: City or county court
Surety: NNA Surety
Bond Amount: Based on estate value
Bond Cost: Varies
Bond Term: 1 year

How an Administrator or Executor Bond Works

Administrators and executors have a legal obligation to fulfill the will as stated. A few of their responsibilities include managing the estate properly, filing inventory and getting appraisals, notifying creditors, maintaining insurance, and keeping detailed records.

A beneficiary or heir may make a claim against your bond if assets are mismanaged or stolen. The surety that issued your administrator or executor bond will investigate the claim. If the claim is valid, the surety will compensate the claimant and request you reimburse the surety for any damages paid out.

Get Your California Bond for Administrators or Executors

NNA Surety has a team of experts in court bonds and offers competitive rates on personal representative bonds. Complete our form or call 855-215-2160 to get your free quote today.