Bond
An insurance policy that repays the estate if the person running it mishandles the money.
Also known as: Fiduciary Bond, Surety Bond.
What Bond means in an estate
A probate bond pays the estate back if the personal representative steals from it or seriously mismanages it. The premium is an estate expense. Whether a bond is required at all, whether the will can waive it, whether the heirs can waive it, and how the amount is set vary by state, and the judge often has the final say.
How this works in your state
The concept is national, but the forms, procedure names, thresholds, and filing practice vary by state. Open your state glossary and guides to see how bond is handled where the estate is being settled.
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Information current as of April 4, 2026
Settled Estate is not a law firm, and this content is for informational purposes only and does not constitute legal advice. Probate laws and procedures in your state can change. Consult with a qualified attorney for advice specific to your situation. Full disclaimer.