These surety bonds are the same as “Probate Bonds”. Fiduciary Bonds are required by the court in order to provide a guarantee that the person identified as the executor of an estate (the fiduciary) properly distributes the assets of an incapacitated or deceased person.
As previously mentioned, Fiduciary Bond is actually just another way of saying “Probate Bond”. While “Probate Bond” is the primary way of referring to this bond type, you may also commonly hear them referred to as “Executor Bonds”, and “Fiduciary Bonds”.
More Information: For more detailed information on the current market trends pertaining to fiduciary bonds, and our agency’s current program offerings, please see our page on probate bonds.