Cincinnati Ohio Additional Fiduciary's Bond

Name: Cincinnati Ohio Additional Fiduciary's Bond
Brand: US Legal Forms
Rating: 4.85 (430 reviews)

Category:

Ohio Probate - Fiduciaries

State:

Ohio

City:

Cincinnati

Control #:

OH-MR-015

Format:

Instant download

Description

This sample form is an Additional Fiduciary's Bond document for use in the administration of a decendent's estate in Ohio. Adapt to fit your circumstances. Available in Word, Wordperfect, Rich Text and ASCII formats.

How to fill out Cincinnati Ohio Additional Fiduciary's Bond?

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FAQ

The cost of a $25,000 varies mostly based on the applicant's credit score. Usually, applicants with a FICO of 650 or more pay an annual premium of 0.75% to 2.5% or between $187 and $625. Applicants with credit issues can expect premiums in a range between 2.5% to 10%, i.e. annual payments between $625 and $2,500.

Surety bond premiums (the amount you pay) are often calculated as a percentage of the total bond amount, usually between 0.5% and 5% of the bond amount for applicants with good credit, and between 5% up to as much as 20% of the bond amount for applicants with poor credit.

A surety bond must contain the following: Name of the principal, surety and the obligee. Address of principal, surety and the obligee. The amount being lent/borrowed. The purpose for which the amount is being borrowed. The time period for which the amount is being lent. The interest to be levied on the amount.

How much getting bonded will cost you depends on several factors. Each bond has a total amount (called a penal sum). In Ohio they often range between $5,000 and $25,000, though in some locations they are not fixed and are decided on a case-by-case basis.

On average, the cost for a surety bond falls somewhere between 1% and 15% of the bond amount. That means you may be charged between $100 and $1,500 to buy a $10,000 bond policy. Most premium amounts are based on your application and credit health, but there are some bond policies that are written freely.

Many surety companies allow a business to apply for a surety bond online, by filling out an application detailing their situation. Once the business is approved, it can submit the indemnity agreement and pay for the bond online. The bonding process can be expensive.

Consulting a surety professional is the best way to determine your exact surety bond cost in Ohio. You can request your free quote online, or you can call 1 (800) 308-4358 to speak with an experienced bond specialist. SuretyBonds.com works with you to provide the lowest available rate, no matter your circumstances.

Applying for a Ohio surety bond is quick and easy! Click on ?Apply Now?, complete our streamlined online application, and receive your quote in minutes. Once approved, your surety bond can be issued and a copy sent to you via email. The original bond can be sent via USPS or overnighted to your home/place of business.

In Ohio, the cost for a probate bond depends on the total value of the estate and is usually calculated as costing $100 for every $20,000 in assets. For example, if the deceased had $60,000 in non-real estate assets, the estate must purchase a bond in the amount of $120,000 and the cost is $300 per year.

More info

Download the complete listing of Certified Companies PDF, or browse the list below. And guardianships of the estate.How do I find out my bond refund amount? 7. To whom will the bond check be issued? What Are The Bond Requirements For An Ohio Executor? When a person is required to appear in court they are often required to produce a Probate Bond or Fiduciary Bond. Find out the essentials about probate bonds, how to get them, and what the costs are. Fiduciary bonds ensure performance of someone acting on another's behalf.

Cincinnati Ohio Additional Fiduciary's Bond

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How much does a surety bond cost in Ohio?

How much is a surety bond?

How do you get bonded in Ohio?

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How do I get a surety bond in Ohio?

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