Nominal Bond of Personal Representative
SuretyBonds.com can issue your nominal bond instantly!
Pay a premium that's just 1% of your bond amount!
SuretyBonds.com offers fast, easy and accurate bonding services.
We can answer any question about bonding in Maryland.
SuretyBonds.com is legally licensed to issue Nominal Bonds in every state. Call us at 1 (800) 308-4358 to get yours today!
Personal representatives in Maryland must have a surety bond before they can assume their roles. With this type of surety bond in place, the public is protected against negligence at the hands of nominals. Although these types of bonds might also be required in other states, they're always required in Maryland. The bond amount is determined by the court and is typically fairly small.
Pay A Low Nominal Bond Of Personal Representative Cost.
SuretyBonds.com has authority to write these bonds in-house, so we can assure you'll get a great rate for your bond. Generally speaking, our court bond specialists can write these bonds for just 1% of the bond amount (subject to a minimum premium). So if you need a $20,000 Maryland nominal surety bond, you would pay a premium that's just $200. What are you waiting for? Get your free, no obligation price quote now!
Get Your Nominal Bond In Maryland Fast!
If you need your bond ASAP, you can apply today, choose our overnight shipping option, and have the original bond form in your hands tomorrow. We want to make the bonding process as quick and easy for you as possible, so our court bond specialists work hard to ensure a fast and accurate turnaround. Contact SuretyBonds.com now if you need a nominal surety bond of personal representative in Baltimore, Maryland, or anywhere else.
What Is A Nominal Bond?
These bonds are a specific type of Maryland probate bond. However, this bond type differs from a typical administrator/executor bond where the principal would normally distribute assets and pay debts. In this case, the principal is not responsible for distributing assets as outlined in a will. The Maryland nominal bond only guarantees that the principal will pay
- any debts due by the decedent
- the Maryland inheritance tax
- court costs
- registers’ fees
Learn More About This Bond's Protection.
These bonds require that Maryland nominals perform their tasks according to the bond's obligations. If they fail to do so, the bond provides a means of collection for those who make claims. However, claims aren't usually made on personal representative bonds that don't involve assets. This contract becomes void once the personal representative pays the debts due by the decedent, the Maryland inheritance tax, court costs and register's fees from the estate.