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Maryland bonds

Maryland — Nominal Bond Of Personal Representative — Bond Amounts $25,000 And Less

A Maryland estate can still need a nominal bond when the will or interested persons waive the broader personal representative bond. This offering is for nominal bond amounts up to $25,000; use the amount set for the estate by the register or court.

Also known as Maryland Nominal Bond of Personal Representative; Maryland Nominal Of Personal Representative - Amounts $25,000 And Less Bonds

Bond amount
Up to $25,000.00

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Recorded state
Maryland
Bond type
Probate Bond
Category
Court, probate & fiduciary

What this bond does

The nominal bond secures payment of the decedent's debts and Maryland inheritance tax. Maryland's RW1116 form also names court costs and register's fees. It addresses those estate payments even where the broader bond for faithful administration has been excused.

Who needs it
A personal representative handling a Maryland estate whose register or court calls for a nominal bond within this offering's $25,000-and-less range. An executor should check the actual bond direction before choosing between a nominal bond and the broader personal representative bond.
Who it protects
The bond runs to the State of Maryland and secures the estate-payment obligations described in its conditions. It does not provide the personal representative with liability insurance or determine how much the estate owes.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Why a waived bond can still leave a bond to file

Section 6-102(a) of Maryland's Estates and Trusts Article allows the will or written waivers from all interested persons to excuse the ordinary personal representative bond. Subsection (b) still requires a bond sufficient to secure debts and Maryland inheritance taxes, subject to the statute's exceptions.

The statute gives the nominal bond its own condition in subsection (h)(2). That narrower payment obligation is why a waiver of the broader bond is not, by itself, proof that the estate needs no bond at all. Ask the register which form and amount the estate must file.

Match the estate's amount to this offering

The $25,000 ceiling on this page describes the available offering. It is not a statutory minimum or a standard amount for all Maryland estates. The register or court determines the required security under section 6-102.

RW1116 leaves the bond sum blank for the estate's actual amount. If the required sum exceeds $25,000, do not reduce it to fit this option. Obtain the appropriate offering for the amount ordered.

File with the register and follow the estate proceeding

Every personal representative bond must be filed in the office of the register under section 6-102(f). RW1116 calls for the estate number, personal representative, decedent, surety and bond amount, with signature and execution spaces.

A bond is not required for a period following final approval of the final administration account under subsection (c)(2). The court can require new or additional security during administration. Follow the estate's directions and confirm the issued bond's continuation and release conditions separately.

Purchase the nominal bond for the amount directed

Purchase Now opens RLI's application for this nominal bond in a new tab through The Southern Agency. Enter the estate's requested amount and compare the proposed document with the register's instructions before completing the purchase.

RLI reviews the application and determines what is needed before issuance. Starting the application does not appoint you as personal representative or file a bond with the register. After issuance, complete the required execution and confirm how the estate's register wants the bond delivered.

Sources

Have these ready

  1. Have the estate number and decedent's full name available.
  2. Use the personal representative's name exactly as it appears in the estate proceeding.
  3. Obtain the register's or court's required bond amount and confirmation that the nominal form is appropriate.
  4. Compare the requested amount with this offering's $25,000 ceiling.
  5. After issuance, follow the bond's execution instructions and arrange delivery to the register.

Questions about this bond

The will waives bond. Why is the register asking for a nominal bond?

Maryland section 6-102 distinguishes the ordinary administration bond from security for debts and Maryland inheritance taxes. Even when the broader bond is excused, subsection (b) provides for that payment security, subject to the statute's exceptions. The register can explain what is required in the estate.

Does every estate need a $25,000 nominal bond?

No. The amount is set for the estate by the register or court. $25,000 is the maximum amount described for this offering, not the amount the law assigns to every estate.

Is the nominal bond the same as a bond covering all duties of the personal representative?

The statutory conditions differ. Section 6-102(h)(1) describes faithful performance of the office; subsection (h)(2) describes the nominal bond's payment of debts and inheritance tax. RW1116 also includes court costs and register's fees. Use the form requested for the estate.

Do I need an executed bond before starting the application?

No. Start with the estate details, nominal-bond direction and required amount. Execution and filing follow issuance; the signature spaces on RW1116 are not a requirement to obtain a completed surety bond before applying.

Does online purchase complete my court filing?

No. Purchase Now takes you to RLI's application in a new tab. Application review and issuance come before execution and filing with the register. Neither an application confirmation nor payment alone completes the filing.

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