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

Before the chancery court grants letters, most fiduciaries have to post a bond.
It guarantees you’ll faithfully discharge every duty the law requires.
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 most fiduciaries under Miss. Code § 91-7-41 and § 91-7-67 unless waived

✓

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

✓

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

Trusted by industry leaders

How it works

Built for the grant of letters.

The chancery 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 to the State of Mississippi, ready for the chancery court to approve so letters can issue.

About this bond

What it is and who needs it.

What a fiduciary bond protects

When the chancery court appoints you to handle someone else’s money — as the executor or administrator of an estate, or a guardian or conservator for a ward — it usually requires a bond before granting letters.

The fiduciary bond guarantees you faithfully discharge all the duties the law requires: that you inventory the assets, account honestly, and don’t misuse the estate. If you breach those duties, the bond makes the estate or ward 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. Mississippi exempts fully insured bank deposits from the penalty and lets the chancellor waive or reduce the bond in some cases — for a sole heir, or where competent heirs petition. We tell you what your file needs before you commit.

Mississippi StatuteMiss. Code § 91-7-41 requires an executor or administrator with the will annexed to give bond, payable to the state, in a penalty equal to the full value of the estate, conditioned to faithfully execute the will and discharge all duties required by law. Miss. Code § 91-7-67 sets an administrator’s bond at the value of the personal estate, which the chancellor may waive or reduce for a sole heir or on the petition of competent heirs. Guardian and conservator bonds are governed by Miss. Code § 93-13-17, in an amount the chancery court sets to the value of the estate, excluding fully insured deposits.

You need this bond if you’re

✓

An executor or administrator appointed to administer a Mississippi estate

✓

A guardian of a minor or an incapacitated person under chapter 13 of Title 93

✓

A conservator managing the property of someone who cannot manage it alone

✓

Counsel or a family member arranging the bond so the chancery court can grant 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 a Mississippi probate or fiduciary bond? +

It is the bond a chancery court requires before granting letters to a fiduciary — an executor, administrator, guardian, or conservator. Under Miss. Code § 91-7-41, it is payable to the state and conditioned upon faithful discharge of all the duties the law requires, protecting the estate or ward from mismanagement or fraud.

How much does it cost? +

It is underwritten, not flat-rated. The court sets the penal sum to the value of the estate — the full estate under § 91-7-41 or the personal estate under § 91-7-67. 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 chancery court does. Sections 91-7-41 and 91-7-67 tie the penalty to the value of the estate the fiduciary controls, and § 93-13-17 does the same for guardians and conservators. We size and underwrite the bond to whatever amount the court sets.

Can the bond be waived? +

Sometimes. A will can relieve an executor of bond, and under § 91-7-67 the chancellor may waive or reduce an administrator’s bond where the administrator is the sole heir or competent heirs petition. Fully insured bank deposits are also excluded from the penalty. Where it isn’t waived, the fiduciary must file a bond 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 to the state, ready for the chancery court to approve so letters can issue.

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 →