Administrator or Executor Bonds in Washington

Washington 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 Washington 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 Washington.

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 Washington.

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 Washington:
In addition to the applicants credit report, there are many other factors that are taken into consideration when pricing Administrator bonds in Washington. 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 rainiest state in the U.S., Washington receives nearly 50 inches of rain during the peak season, every year. The Olympic Peninsula forests are the rainiest forests in the world, are the only "rain-forests" in the the continental United States. Today, Washington is a leading producer of lumber, fishing, shipping, and mining. During World War II, the state produced much of the heavy machinery used in the war, and the area near Puget Sound currently houses the Boeing company. The Boeing company headquarters is also the largest building in the world. The atomic bombs that were used during WWII were built at the Hanford Works atomic energy plant. It began production in 1943 and contributed greatly to the war effort. The state also has some of the largest internet and computer companies in the world, including Amazon.com, Whitepages.com, and Microsoft. Founder of the Microsoft Company, Bill Gates, also calls Washington home. Seattle, Washington is home of the Space Needle, which was the tallest building in the west when it was constructed in 1962. Seattle is also the birthplace of the "grunge" music scene of the 1990's and the famous coffee chain, Starbucks, began in the city.
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