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They protect the taxpayer by guaranteeing that the contractor is able to enter into the contract; perform the work on time and according to the contract; and that certain workers, subcontractors, and suppliers will be paid.

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Such persons are required to collect the assets, file an inventory, give notice to creditors, pay the debts in proper order, distribute the balance to those entitled under the law, and account to the court.

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Who needs an estate bond in Florida probate court? You may be held responsible for repaying any amount the surety pays to satisfy the claim, including defense costs. Learn about Florida personal representative bonds, and speak with an Absolute Surety agent today about the personal representative bond a Florida probate court may require from you.

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