PROBATE / ESTATE BONDS
A Fiduciary is a person that is given power over someone else’s interests and assets. Bonds required of fiduciaries include Executor, Administrators, Guardianship, Trustees and Conservators.
The term probate refers to a legal process that governs the distribution of a person’s assets upon their death and ensures that the wishes of a deceased individual are carried out.
When a person dies, usually a will is left naming an Executor of the estate. When there is no will the next of kin of the deceased file an application with the court to be named as Administrator of the estate. In either case a Probate bond is needed. A Probate bond is essentially the same as an Estate bond, Executor bond, Administrator bond or Fiduciary bond. The Probate bond, purchased by an Executor or Administrator ensures that the wishes of the deceased are carried out ethically and honestly.
A.C. Marmo & Sons, Inc. has the knowledge and experience to help you with all of your Probate Bonding needs with one of our many A+ Rated bonding companies. Call 973-340-9100 or