MA Administrator or Executor Bonds

Massachusetts Probate Bond amounts are set by the court and are 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 Massachusetts 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 Massachusetts

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 Massachusetts.

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 Massachusetts:
In addition to the applicants credit report, there are many other factors that are taken into consideration when pricing Administrator bonds in Massachusetts. 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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All bonds are guaranteed to be accepted by the obligee
Massachusetts has some of the most historically important locations in the United States. The town of Plymouth is the site of Plymouth Rock, where the Mayflower first came ashore in America.

As one of our countries first states, Massachusetts is also a leader in education. The first college, Harvard University, was founded in 1636 and the first public school began in Boston in 1635.

Speaking of Boston, if you have ever been to the city you may have noticed a Dunkin Donut's on nearly every corner. Coincidence or not, the first store in the now famous chain was built in Quincy.

Those who participate in witchcraft would have faced execution in the state hundreds of years ago. Salem, Massachusetts has been made famous by the Salem Witch Trials of 1692 in which dozens of people were charged with engaging in wicked activity and were hung.

Next Thanksgiving, give thanks to Plymouth. The first Thanksgiving Day took place in the town in 1621. Want to watch history repeat itself? Visit the Boston Harbor in December 16th. Every year the state holds a reenactment of the Boston Tea Party there.

While Revere Beach was the first in the U.S. open to the public, it is now a major entertainment complex. The area has horse racing, dog racing, and a large movie theater.

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