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Probate Bonds in Mansfield, OH, Marion, OH and surrounding counties

A probate bond serves as a guarantee that the executor of an estate will perform his or her duties according to the wishes of the deceased. It ensures that assets left to heirs or beneficiaries will be divided according to the will written by the person who died. The probate bond typically covers the value of the estate and protects heirs against theft, errors or negligence during the distribution of assets.

 

Probate bonds are purchased through bond companies. The administrator of an estate must present proof to the probate court that a bond has been bought and that it is sufficient to cover assets listed in the will. Until a probate bond is obtained, no distribution of property can be started. The probate bond usually remains in effect until a judge cancels it after all assets have been divided.

 

If a person died without leaving a will, the probate court decides how assets in the estate are distributed using laws of the jurisdiction wherein the person died. The court also handles wills that are contested by one or more beneficiaries and determines if a will is valid. Sometimes, the probate court will appoint an administrator to handle the assets if no will exists. The appointed administrator is also required to obtain a probate bond.

 

Contact us today and we can help you with all the questions you need.  You can also fill out a quote below.

 

Our Locations

Hitchman Insurance Agency - Ohio

1377 Lexington Ave
Mansfield, OH 44907
Main office: 419-329-4725
Toll free: 888-448-2462

Hitchman Insurance Agency - Florida

10343 East County Highway 30A, Suite 310
Seacrest Beach, FL 32413
Main office: 419-329-4725

Our Providers

Accommodating, professional, helpful, and quick. Very comfortable experience and I was impressed by their capabilities. Highly recommended.
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Over the years we’ve never once had to worry about our coverage. My husband and I are long-time customers and proud to be.
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