Indiana probate & fiduciary bonds.
We size, underwrite & quote it.

Before the court issues letters, most fiduciaries have to post a bond.
It guarantees you’ll faithfully discharge the duties of your trust according to law.
The court sets the amount to the size of the estate — and we underwrite it.
A surety specialist reviews your file and returns a quote, usually within one business day.

Required of most personal representatives under IC 29-1-11-1 unless waived by the will or court
Amount is set by the court — the value of the personal property plus expected net income
Underwritten on personal credit and financials; collateral may apply to a large estate
Underwrittencourt sets the amountA-ratedA.M. Best carriers1 business daytypical specialist reply
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NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Built for the grant of letters.

The court won’t issue letters until the bond is filed and approved, so the bond is usually the last step before you can act. Here is the whole process:

TODAY · 10 MINUTES

Send us the file

Apply online with the order or petition setting the bond, the estate’s value, and the fiduciary’s details. The estate size and any restricted assets drive the penal sum.

WITHIN 1 BUSINESS DAY

A surety specialist underwrites it

A specialist reviews the file, a personal credit check, and any financials, then returns a quote. The amount is set by the court — underwriting decides approval and any collateral on a large estate.

ON APPROVAL

Execute & file

Once you bind, we issue the executed bond payable as the court directs, ready for the court to approve so letters can issue.

About this bond

What it is and who needs it.

What a fiduciary bond protects

When the court appoints you to handle someone else’s money — as the personal representative of an estate, or a guardian for a protected person — it usually requires a bond before issuing letters.

The fiduciary bond guarantees you faithfully discharge all the duties of your trust according to law: that you inventory the assets, account honestly, and don’t misuse the estate. If you breach those duties, the bond makes the estate or protected person whole — and the surety looks to you to repay it.

Because the surety stands behind the estate, the bond is underwritten on your personal credit and finances, and a large estate can require collateral. Indiana courts can also restrict assets to a depository to reduce the bond, and a will may waive the requirement. We tell you what your file needs before you commit.

Indiana StatuteIC 29-1-11-1 requires a personal representative, before letters issue, to file a bond conditioned on the faithful discharge of the duties of the trust according to law, unless the will expressly waives it or the statute otherwise excuses it. The court fixes the penalty, generally tied to the value of the personal property of the estate plus the estimated net income for the period of administration, not to exceed the probable gross value of the estate, and may reduce it where assets are restricted. Bonds in unsupervised administration are addressed by IC 29-1-7.5-2.5, and guardianship bonds by IC 29-3-7.

You need this bond if you’re

A personal representative (executor or administrator) appointed to administer an Indiana estate
A guardian of a minor or an incapacitated adult under Article 3 of the Probate Code
A conservator or fiduciary managing the property of a protected person
Counsel or a family member arranging the bond so the court can issue letters and you can begin administering

The application takes about ten minutes.

These are the actual underwriting fields — the estate, the bond amount the court set, the fiduciary, and your finances. Submit once and a surety specialist returns a quote, typically within one business day. Free until your bond is issued.

Start the application →
FAQs

Common questions.

If yours isn't here, the bond team can usually answer within the hour.

What is an Indiana probate or fiduciary bond? +
It is the bond a court requires before issuing letters to a fiduciary — a personal representative or guardian. Under IC 29-1-11-1, it is conditioned upon the faithful discharge of the duties of the trust according to law, protecting the estate or protected person from mismanagement or fraud.
How much does it cost? +
It is underwritten, not flat-rated. The court sets the penal sum to the size of the estate — generally the value of the personal property plus estimated net income under IC 29-1-11-1. A surety specialist then reviews the fiduciary’s personal credit and finances and returns a premium quote, usually within one business day.
Who decides the bond amount? +
The court does. IC 29-1-11-1 ties the penalty to the value of the personal property of the estate plus the estimated net income for the period of administration, not exceeding the probable gross value of the estate. We size and underwrite the bond to whatever amount the court sets.
Can the bond be waived? +
Sometimes. A will can expressly waive bond for the personal representative, though the court can still require one to protect the estate. The court can also reduce the bond by restricting assets to a depository. Where it isn’t waived, a bond must be filed before letters issue.
How fast can the bond be issued? +
A specialist typically returns a quote within one business day of a complete application. Once you bind and any collateral is in place, the executed bond issues payable as the court directs, ready for the court to approve so letters can issue.
Related bonds

Other New York bonds.

Get bonded so the court can issue letters.

Send us the estate details and the amount the court set, and a surety specialist sizes, underwrites, and quotes the bond — typically within one business day. Free until your bond is issued.

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