Rhode Island — Bond For Sale Or Mortgage Of Real Estate Of Deceased Person
Preparing to give a Rhode Island probate bond for the sale or mortgage of a deceased person's real estate? Match the court's transaction direction to the estate before applying through Propeller.
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- Recorded state
- Rhode Island
- Bond type
- Probate & Fiduciary Bond
- Category
- Court, probate & fiduciary
What this bond does
The bond secures proper application of proceeds from the authorized estate real-estate sale or mortgage. It addresses that transaction's purpose, rather than serving as permission to sell estate property.
- Who needs it
- The executor, administrator or other appointed fiduciary directed to give this transaction bond for a decedent's estate. Use the capacity shown in the court proceeding.
- Who it protects
- PC-3.8 makes the bond payable to the probate court and requires the fiduciary to apply proceeds to the authorized purposes. That obligation concerns the estate's transaction funds.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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.
Sources
Have these ready
- Have the decedent's estate name, probate court city or town and case number available.
- Keep the appointed fiduciary's legal name and executor, administrator or other stated capacity ready.
- Gather the sale or mortgage direction, authorization details and required sum, with property information to identify the transaction.
- After the bond is issued, follow the probate court's fiduciary, surety and witness signature and filing instructions.
Questions about this bond
Is this for selling a deceased person's real estate?
This offering identifies that estate transaction. PC-3.8 has a deceased-person selection and records whether the court authorized a sale or mortgage.
Does an ordinary executor bond cover this request?
Do not assume so. This bond secures applying transaction proceeds to authorized purposes. Follow the court's specific request for the estate.
Can I use the guardian-conservator offering?
That offering addresses a different appointment and estate context. Use the deceased-person offering when the bond direction concerns the decedent's estate.
Does online purchase finish the transaction's bond requirement?
Purchase Now opens Propeller in a new tab through The Southern Agency. Application review and issuance are followed by the necessary execution, filing and court acceptance; the online start does not complete those steps.