Surety Bond
A three-party guarantee where a bonding company promises to cover a loss if the fiduciary fails.
What Surety Bond means in an estate
A surety bond involves the fiduciary (such as an executor), the people it protects (beneficiaries and creditors), and a surety company that pays out if the fiduciary causes a loss. In probate it is usually called a probate bond or executor bond. The fiduciary pays a premium for it, and whether one is required varies by state and by the terms of the will.
How this works in your state
The concept is national, but the forms, procedure names, thresholds, and filing practice vary by state. Open your state glossary and guides to see how surety bond is handled where the estate is being settled.
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Information current as of April 4, 2026
Settled Estate is not a law firm, and this content is for informational purposes only and does not constitute legal advice. Probate laws and procedures in your state can change. Consult with a qualified attorney for advice specific to your situation. Full disclaimer.