Our attorneys have handled a wide array of probate-related issues, including obtaining a probate bond or having the requirement of one satisfied in creative ways. We are here to help you, and will walk you through the process from beginning to end. Schedule your no-cost consultation now by calling The Legacy Lawyers at (714) 963-7543.
A California probate bond can be obtained in order to protect the estate in the event the personal representative mismanages or otherwise wrongfully causes the value of the estate to decrease. A probate bond may also be referred to as fiduciary bonds, guardianship bonds or trustee bonds. If the personal representatives misconduct caused the damage to the estate, the bond can be used to make the estate whole again. The cost to obtain a bond typically depends on the value and type of property that is being protected by the bond. Many wills include a provision waiving the requirement that the personal representative be bonded. Although that may work in some cases, most probate judges require bonds to protect potential creditors.In order to obtain a bond, the personal representative or executor of the estate must qualify. The bonding company will look at the administrators creditworthiness and net worth to determine if he/she qualifies for a bond. It may also be difficult to qualify for a bond if youre not represented by an attorney.