Probate Bonds for Florida Estate Administrators in Carrollwood, Lutz, Seminole Heights, Tampa, Odessa FL and Surrounding Areas
Our agency will always be here to help if you ever need a probate bond in Lutz, Odessa, Seminole Heights, Carrollwood, or anywhere else in the greater Tampa, Florida area. We have been exceeding the expectations of our neighbors in these communities under the same ownership for the last two decades, and Mynatt Insurance Agency was originally established in 1925. If you value experience and a longstanding commitment to locals, you are definitely in the right place.
The Probate Process
When someone passes away with the last will in place, the assets that comprise the estate are not immediately distributed to the heirs by the executor or personal representative. The will must be admitted to probate, and the probate court supervises the administration of the estate.
To protect the heirs, laws typically require the estate administrator to obtain a probate bond. If the executor was to engage in some type of unethical or illegal activities that harmed any of the inheritors’ interests, the probate bond would ensure reimbursement to the damaged party or parties.
Some people use trusts to facilitate asset transfers to their heirs after they pass away. When trust is in place, the probate court is not involved. However, the trustee that was empowered by the deceased to administer the estate could be required to obtain a trustee bond, which serves the same purpose as a probate bond.
There is another type of surety bond that would fall under this general category. Elder adults sometimes become unable to handle their own financial affairs after becoming incapacitated. Under these circumstances, the court may be petitioned to appoint a conservator to act on behalf of the incapacitated adult. A conservator bond can be obtained by the conservator to protect all interested parties against potential intentional acts of financial mismanagement.
We Are Here to Help!
You may be unfamiliar with these bond requirements if you have never been named as an executor, a conservator, or a trustee before. We have a great deal of expertise when it comes to probate bonds, trustee bonds, and conservator bonds, so we are the ideal resource.
Client communication is very important to us, and we would be glad to answer all of your questions and help you get the bond you need. If you are ready to take action, we can be reached by phone at 813-932-5511 or 866-852-9470. You can alternately send us a message through the contact page on this website.