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

Serve as a personal representative, guardian, or conservator with the bond the court requires.
The bond guarantees you’ll handle the estate faithfully and account for it.
The court sets the amount to the value of the estate — and we underwrite it.
A surety specialist reviews your file and returns a quote, usually within one business day.

✓

Required of a personal representative, guardian, or conservator when the court or will demands bond

✓

Amount is set by the court to the value of the estate the fiduciary controls

✓

Underwritten on the fiduciary’s file; collateral may apply to a large estate

Underwrittencourt sets the amountA-ratedA.M. Best carriers1 business daytypical specialist reply

Trusted by industry leaders

How it works

Built for the appointment.

The court won’t issue letters until the required bond is on file, so the fiduciary bond comes first. 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 value of the estate drives the penal sum.

WITHIN 1 BUSINESS DAY

A surety specialist underwrites it

A specialist reviews the estate, the fiduciary’s credit and finances, and any collateral, then returns a quote. The amount is fixed by the court — underwriting decides approval and collateral.

ON APPROVAL

Execute & file

Once you bind, we issue the executed bond on the court’s required form with the power of attorney attached, ready to file so letters can issue and you can act.

About this bond

What it is and who needs it.

What a fiduciary bond secures

When a court appoints you to handle someone else’s property — as a personal representative of an estate, or as a guardian or conservator for a protected person — it can require a bond before you take charge.

The fiduciary bond protects the heirs, beneficiaries, creditors, and protected person: it guarantees you’ll inventory, manage, account for, and distribute the assets honestly and as the court directs. If you don’t, the bond makes the estate whole, and the surety looks to you to repay it.

Because the surety stands behind the whole estate, the bond is underwritten on the fiduciary’s credit and finances, and a large estate can require collateral. We tell you what a given file needs before you commit.

Minnesota StatuteUnder Minn. Stat. § 524.3-604, the amount of a personal representative’s bond is set by the court based on the value of the estate and the income expected during administration, conditioned on faithful performance of the fiduciary’s duties. Bond is required of a personal representative when the will expressly requires it, on the appointment of a special administrator, or on demand by an interested person under § 524.3-605. Chapter 524’s guardianship and conservatorship provisions similarly authorize the court to require a conservator or guardian to post bond sized to the protected person’s estate.

You need this bond if you’re

✓

A personal representative (executor or administrator) the court or the will requires to be bonded

✓

A guardian or conservator appointed for a minor or an incapacitated or protected adult

✓

A special administrator appointed to manage an estate temporarily and required to give bond

✓

An out-of-state fiduciary the court requires to post bond before administering Minnesota assets

The application takes about ten minutes.

These are the actual underwriting fields — the estate’s value, the appointment, your details, and your financials. Submit once and a surety specialist reviews everything together and 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 a Minnesota probate or fiduciary bond? +

It is a bond required of someone the court appoints to handle an estate — a personal representative (executor or administrator), guardian, or conservator. It guarantees the fiduciary will manage and account for the assets faithfully and follow the court’s directions. Under Minn. Stat. § 524.3-604 the court sets the amount to the size of the estate.

How much does it cost? +

It is underwritten, not flat-rated. The court sets the penal sum to the value of the estate and the income expected during administration under § 524.3-604. A surety specialist reviews the fiduciary’s file and any collateral and returns a premium quote, usually within one business day.

Do I always need a bond? +

Not always. A personal representative appointed informally often needs no bond unless the will requires it, a special administrator is appointed, or an interested person demands bond under § 524.3-605. When the court does require bond — common for guardians, conservators, and contested estates — we size, underwrite, and quote it.

Will I need to post collateral? +

Sometimes, especially for a large estate. Because the surety guarantees the whole estate, a large penal sum can require collateral such as cash, a letter of credit, or pledged assets, supported by financials. We tell you what your specific file requires before you commit.

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 is ready to file with the court so letters can issue and you can act.

Related bonds

Other New York bonds.

Get bonded so the court can grant 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.

Start application Talk to a specialist

PricingOn review

Apply now →