RI Administrator of a deceased's estate

Rhode Island Administrator of Estate Surety Bond amount is set by the court and is based
on the value of the estate



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Administrator and Executor bonds (also called Probate Bonds) are required by county courts in Rhode Island of persons appointed to handle a deceased's estate. These bonds generally guarantee that all the estate debts will be satisfied and that the remaining assets will be properly distributed to the appropriate heirs. Because of the complexities involved, the surety usually requires that the applicant obtain the assistance of an attorney, although we do have markets that will consider bonds for qualified applicants without an attorney. Bond amounts are determined by the court. Bond premiums must be paid annually until the estate is properly settled.

Executor Bond - Required when the deceased left a Will and named someone in the Will to serve as executor. The surety will usually want to see a copy of the Will to determine to complexity of handling the estate in Rhode Island.

Administrator Bond - Required when the deceased died intestate (without a Will). The court will usually appoint one of the primary heirs to serve in this capacity. Assets should be dispursed in accordance with the state's laws in Rhode Island.

Trustee Bond - Usually required when a deceased leaves a Will and designates to leave some assets "in trust" to a beneficiary. In all cases, the surety must review a copy of the Trust.

Sample Probate Bond Pricing in Rhode Island:
In addition to the applicants credit report, there are many other factors that are taken into consideration when pricing Administrator bonds in Rhode Island. We provide the examples below to give you an idea of what qualified applicants should expect to pay. We find the best possible price for your surety bond given your particular qualifications.

Bond Amount Cost
$10,000 $100
$25,000 $135
$50,000 $260
$100,000 $460
$200,000 $860
$500,000 $1,610

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The smallest state in our nation, Rhode Island, has just a little over 1,000 miles in land area.

It is roughly the size of the "King Cattle Ranch in Texas, near Corpus Christi", or the size of the Stellwagen Bank National Marine Sanctuary in Massachusetts.

To put it simply, Rhode Island is a very small state. However, this does not mean that it has little to offer. The state is the home of the Tennis Hall of Fame, and is well known as the home to the first Tennis Championship.

The sports of Polo and Golf were also first played in Rhode Island. The state is also the birthplace of the first circus, carousel, and a working model of Democracy.

It is a leader in the production of fine jewelry and metals. Being surrounded by water, Rhode Island is also a large world producer of boats and large ships.

The beaches of the state, specifically Newport, are also known for attracting wealthy summer vacationers. The Industrial Revolution in the United States started in Rhode Island, with the worlds first water powered cotton mill. The tallest point in the state comes in at just 812 feet high.

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