WHEN IS A BOND NECESSARY?
1.) In the absence of a will.
2.) If you are being appointed and you are not named in will to serve.
3.) If the purported will being offered for probate has no bond clause.
TYPES OF BONDS ACCEPTED
1.) Real Estate Bond – In order to do a real estate bond, the surety’s real estate, ideally, should be in Cabell County. If the real estate resides in another county, then they must bring a justification of surety from that perspective County Clerk’s Office.
2.) Corporate Bond – To obtain a corporate bond, we recommend that you contact your local insurance agent or you may contact our office for a list of local agents that do estate bonding. When doing this type of bond, there is a fee involved to the bonding agency and in either case, your surety must accompany you to the Probate Office.
AMOUNT OF BOND REQUIRED
The amount of bond that is posted must be equal to the value of the probate assets in the estate. Real estate does not need to be included in bond amount unless real estate is being sold.