http://www.ohioprobateanswers.com Cincinnati Probate Attorneys: Elliott Stapleton, D. Todd Rush, and John Cornetet Thu, 05 Jan 2017 20:48:57 +0000 en-US hourly 1 https://wordpress.org/?v=4.2.39 http://www.ohioprobateanswers.com/opening-estates-without-wills/what-is-a-bond-for-the-administrator/ http://www.ohioprobateanswers.com/opening-estates-without-wills/what-is-a-bond-for-the-administrator/#comments Tue, 29 Mar 2011 08:38:16 +0000 http://032b5f3.netsolhost.com/wordpress/?p=66 Read more]]> A bond is an insurance policy purchased by the estate to guarantee the performance of the administrator.  If the administrator steals from the estate, the insurance company replaces the assets that are taken.    The bond requirement is for twice the value of the non-real estate assets.  Thus, if the financial assets are worth $100,000, then a bond in the amount of $200,000 must be obtained.  The cost of the bond is paid out of the estate assets.

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