Hartford County Personal Representative Bond Guide
If you're responsible for managing a deceased individual’s assets in Hartford County, Maryland, you may need to file a personal representative bond.
Bond Overview
- Purpose: To ensure proper management of funds and assets by representatives
- Who Needs It: Personal representatives appointed in a decedent's will or by a court
- Regulating Body: The Hartford County Register of Wills
- Required Coverage: Varies based on estate value
- Premium Rate: Small percentage of the bond amount, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Hartford County Personal Representative Bond?
A Hartford County personal representative bond is a type of protection to ensure the representative of an estate will act lawfully and ethically.
It guarantees the personal representative will pay all estate taxes and handle funds properly when they take over the deceased party’s affairs.
There is also a statewide Maryland Nominal Bond of Personal Representative.
How Much Do Personal Representative Bonds Cost?
Hartford County personal representative bonds cost a small percentage of the required coverage amount.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Hartford County personal representative bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file it with the Register of Wills as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Hartford County Personal Representative Bond Work?
A personal representative bond creates a legal contract between these three parties:
- Principal: You, the personal representative filing the bond
- Obligee: The Hartford County Register of Wills requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the last will and testament of the deceased person.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your personal representative bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date. Once the court formally releases you from the bond obligation, you no longer need to renew.
