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A Personal Representative Bond ensures that the person appointed to settle an estate will not misappropriate estate funds. The bond is there to protect the interests of beneficiaries and creditors. In the State of Maryland, the bond is required as a guarantee that all court cost, estate taxes and fees are paid.
When a person petitions to be appointed the Personal Representative of an estate,the court will determine if a bond is needed and the bond amount required to cover estate assets.
You will need court documents, a driver's license or ID card, a completed application and a Letter of Representation from Attorney (only required if the bond amount is over $25,000)
At Freestate Bonds, we have built our business on helping clients with their court bond needs. We explain the process completely including different bond types, length of time a bond is required and how to get the best rate. We match you with the best surety provider to get a bond in your hands quickly and for the best price.