What Is An Estate Bond?
An estate bond is essentially the same thing as a probate bond, fiduciary bond, or executor bond. When someone dies or is disabled, a document such as a will usually details what is to become of that person’s estate. The person who carries out the will sometimes needs to purchase an estate bond to ensure that proceedings are handled honestly and legally. A bond is not always required in every state.
Before an executor of a will purchases a surety bond from an agency, he or she must submit themselves to a credit check, have their application approved, and go through other screening processes.