A bond company in Florida that focuses on providing the clients with extremely competitive rates on all types of surety bonds is Simon Insurance Agency. We are devoted to providing our clients with a variety of Bond products to meet each specific need. With extensive knowledge we are able to answer all questions and concerns about Bonds making our clients feel secure and confident in making the right decision to fulfill their desire.
There are many types of Court and Probate bonding services available in Florida, some include:
• Executor Bonds
• Guardianship Bonds
• Testamentary Trustee Bonds
• Trustee for Will Bonds
With diversity of options, great rates, access to an array of providers you are sure to find exactly what you are looking for in a Bond Company in Florida. And remember that the Bonding Industry can be complex and overwhelming, so don’t forget to take advantage of your FREE consultation offer.
To probate a Will in Florida is not difficult if your credit is in great condition; however, if your credit is imperfect chances are you will need to have your bond obtained via a specialty market. At Simon Insurance Agency we have specialty probate bond markets to help people with good or bad credit construct the appropriate bond for his/hers specific need.
This process can be cumbersome and costly, but it doesn’t have to be for you. With over 30 years of experience our agents and processors posses the necessary knowledge to provide you with the perfect coverage at the most competitive rate and since we are representing some of the largest and most respected surety/insurance companies in the world, we are sure to have the resources to accommodate your need.
There are many different types of Probate Bonds associated with the probate of a Will. Here are some examples:
Standard Probate Bonds (Probate Bonds)
Administrator’s Bonds
Conservator Bonds
Guardian Bonds
Trustee Bonds
Finding the right Bond to Probate a Will in Florida is an important matter to ensure that the estates of a Will are handled accordingly. To make sure that a Will is serviced correctly contact Simon Insurance today for a FREE consultation and get the right Bond for you.
Estate Bonds Florida
A probate bond, fiduciary bond or executor bond is also called an estate bond. Mandated by the courts, Estate bonds are like an insurance policy so that the executor of an estate properly distributes assets for the deceased. This policy is a guarantee that the person fulfilling the wishes of the deceased handles the estate properly.
If you have questions about Estate Bonds, or any other type of insurance or court bond give us a call. We can even help those with less-than-perfect credit.
A fiduciary is someone who has been appointed by a court to manage the assets or property of businesses and people who not able to manage these assets on their own. They are appointed by the court . The court has specific orders for the fiduciary to carry out certain activities. The fiduciary is also asked to guarantee the performance of their duties by posting a form of security or bond. If the fiduciary takes off with any assets, the bond is like an insurance policy against any wrongdoings of the court-appointed fiduciary.
Fiduciary Bonds
Here are some of the most common types of fiduciary bonds.
Executor or Trustee of Estates
Trustee of Operating Trustee (bankruptcy)
Committee or Conservator of Incompetent
The purpose of the surety bond provided by the fiduciary is not for their protection, but rather to protect the minors, heirs, incompetents, or creditors of the estate or property assets. These bonds often do not have an expiry date and may continue indefinitely until another action of the court takes place. Some of those actions include:
Sworn Affidavits by all interested parties
Distribution of Assets
Payment of Debts in the case of a bankruptcy action
Filing of a Final Accounting
A Subsequent Court Order
If you need assistance getting a fiduciary bond or any other type of license or permit bond give us a call.
Simon Insurance - Surety and Probate Bonds services Orlando.
For more than 30 years the agents at Simon Insurance Agency, Inc. and its predecessor companies have supplied probate bonds to individuals and attorneys with prompt service and competitive rates.
Contact us directly to learn more about how we can serve you.
We look forward to the opportunity to be your number one source
for probate and surety bonds in Orlando and all of Florida.
We provide all types of Probate and Court bonding, including:
• Executor Bonds
• Guardianship Bonds
• Testamentary Trustee Bonds
• Trustee for Will Bonds
We provide our clients with:
• Great rates on surety bonds
• Fast, responsive and knowledgeable service
• Access to a wide selection of surety providers
• Competitive rates on all types of surety bonds
• Assistance with surety bond needs
We look forward to the opportunity to be your number one source for probate and surety bonds.
Simon Insurance offers surety bonds for contractors who may need such a bond in order to protect the company. In some instances, municipalities may require by law that a contractor be licensed, bonded and insured.
Simon Insurance in Florida can help you with many types of bonds.
If your construction company is not bonded, someone may be less likely to hire your construction services especially if your business is not bonded. The bond is like an insurance policy if your company, for some reason or another, is unable to perform the work as promised in writing.
Why do you need a surety bond?
In the event a contractor is unable to meet the promise specified in the contract, the customer can lose money because of the contractors failure. (We have all heard of people getting ripped-off due to a scamming contractor that was not bonded.) Because of this associated risk, a wise and intelligent consumers and entities will require contractors to obtain a surety bond to back their promise and pay the principal in the event there is a breach of contract.
Where can you obtain a surety bond if you are a contractor?
In this video, the owner of Simon Insurance, Simon Blauman, gives excellent examples of how important surety bonding can be to a consumer and a business. He also talks about the Miller Act.
If you need a surety bond, probate bond or license bond feel free to give us a call.
When calling about a bond, please specify what type of bond you may need. There are many types of bonds. Being specific will speed up the process.
-For more information on the Miller Act - Click here.
If you are in need of any type of bond such as surety bond, court bonds, license bonds or permit bonds, you came to the right place. Simon Blauman has been in the bond business for years. He’s an expert when it comes to differnent types of surety bonds, fiduciary bonds and court bonds.
All these bonds can be confusing, but Simon takes the confusion out of getting a bond.
If you are a business looking for a business bond or permit bond in Florida, you will appreciate the knowledge and swiftness for Simon Insurance.
Getting a bond is not like going to a store and buying a gallon of milk. There are forms and applications that one must fill out before getting a bond of any type.
To learn more about the importance of these bonds, Simon created a video.
If you have any questions, feel free to call Simon Insurance in Florida for all of your bonding needs.
Surety Bonds West Palm Beach, Miami Surety Bonds, Ft Lauderdale Surety Bonds,
Feel free to contact us if you need a probate bond in the West Palm Beach, Florida area.
Below is some information about the legal process of probate bonding.
The legal process whereby a deceased person’s property is inventoried, valued, and subsequently settled according to the decedent’s will is called Probate. The word originates in early English law dating back to the 12th century and literally means ‘to prove’.
When a person passes on and has a last will and testament, the Probate Court will proceed to confirm the authenticity of the deceased persons will.
The probate attorney will carry this out by filing the paper work on behalf of the deceased.
The purposes of probate are to ensure the wishes of the deceased are carried out, that the chosen executor is confirmed and sworn to execute those wishes, and to protect the interests of surviving heirs who may have claims against the estate.
After getting a probate bond it becomes an instrument of law and the court accepts it as authentic. Once this occurs it is very difficult to contest the validity of the will.
At the time of death, the Probate Court will require an inventory of assets of the decedent.
This may include but is not limited to; real estate, bank accounts, personal belongings, investment property (such as collectibles and antiques), household property, stocks and bonds, cash and virtually anything else of value. The probate attorney will then draw up an inventory and distribution list of the assets of the estate, and file it with the court. This list of assets of the deceased becomes public knowledge and is subject to claims by creditors, federal and state governments (in the case of taxes) and possibly disinherited or interested parties that may assert their claim to those assets.
Essentially, any item with a monetary value owned by the deceased at the time of his death becomes the property of the estate of the deceased. The estate’s property can then be taxed, claimed by creditors, or available to parties who wish to assert a claim of ownership to those assets.
Some assets can avoid the process of probate by passing contractually to a beneficiary. Examples are Life insurance policies that are ‘payable on death’ (POD) to any party other than the estate, stock portfolios termed ‘Transfer on Death’ (TOD) and joint bank accounts that are termed ‘jointly owned with rights of survivorship.
If you need a probate bond in the West Palm Beach, South Florida Area, please contact us.
Surety Bonds West Palm Beach, Miami Surety Bonds, Ft Lauderdale Surety Bonds,
After someone passes away, their assets and property must be distributed through a process known as probate.
If there is a “last will and testament” that is certified, then it most likely the will may appoint an executor. The executor looks after the estate in accordance with the provisions of the will of the deceased.
If the deceased had no will, then the court will appoint another person to handle the estate.
In either case, the person who ends up looking after the dispersal of assets and property will have to post a type of security known as probate bonds that protect the assets of the estate during the period that the executor is sorting out the details of the estate.
There are a few things that happen during the probate period that must be looked after by the executor of the estate. identifying any and all property and assets of the estate of the deceased
completing an inventory of the assets
valuating and appraising the estate
paying off owed taxes, liens and creditors of the deceased’s estate
supervising the distribution of the assets of the estate in accordance with the will or by the approval of the courts
Probate bonds are a guarantee to the courts and to relatives and heirs of the estate that the process of proceeding through probate is done above board and within all legal requirements and conditions. It protects the estate until all steps have been completed.
There are many different types of probate bonds that include:
Conservator Bonds
Receiver Bonds
Trustee Bonds
Guardian Bonds
Administrator Bonds
Executor Bonds
All of these bonds provide security and guarantees to the courts and potential heirs and they cover all different types of situations that may arise after a person has died. Many of these securities cover cases where there is no clear or certifiable will, or when the person who is deceased was a child or mentally incompetent at the time of death. In all these cases, the court assumes the initial protection of the assets of the estate and ensures that the person appointed by them carries out a complete and accurate probate process.
