Executor Guarantees Bond | Surety BondExecutor Guarantees Bond Application
Type of BondThe Executor bond is a Surety bond, which guarantees the faithful performance of the fiduciary. The fiduciary will perform his duties as mentioned in the will. The fiduciary is a person who is appointed by the court as an executor. He will act as per the desire of the court as mentioned in the will. This executor bond is required when a fiduciary resides outside of the jurisdiction of the court to manage the estate. These bonds are required when a person dies without making a will or the trustee named in the will does not want to act as an executor. These bonds guarantee that all owners will be paid according to the terms of the act. The most common types of fiduciary bonds are the executor bond. This bond guarantees the faithful performance of the executor. The fiduciary is a person who is appointed by the court to manage the affairs or estate of the third party. He is often asked to guarantee the performance of his duties by posting a form of surety bond. This bond helps to indemnify the losses, which arise due to the dishonesty or fraudulent act of the executor or administration. This bond ensures that the executor will perform his obligation as per the provision of the will and the jurisdiction. Thus, this bond recovers the performance of the fiduciary.
Program: Our agency currently has several specialty programs that can help you place your Executor Guarantees Bond.
Executor Guarantees Bonds are an extension of credit, like a loan your rate will be based upon your credit situation. Most surety agencies will decline your bond submission if you don't have a 700 credit score, but our company is different. We can help you in almost any credit or financial situation. Our rates start at 1% to 3% for most surety bonds. If your credit has taken a beating the rates start at 4% to 25%.
Always check with the "Obligee" for details
Our application process for a Executor Guarantees Bond is easy. You can apply for the Executor Guarantees Bond Application .Find this bond for another state
Obligee InformationAn obligee is the entity that is requiring you to have the Executor Guarantees.
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