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Is a probate bond refundable in California?

A: A probate bond may be refundable in California, but it depends on a few factors. A personal representative in charge of executing a will has to pay a premium for a probate bond.

Do bonds go through probate?

Name a co-owner. Savings bonds titled in this way pass directly to the surviving co-owner(s) without probate. However, when the last owner dies, the savings bonds are part of that persons estate, which must be probated in the absence of additional estate planning designed to avoid it.

Is a bond required in California for probate?

With a few exceptions, the personal representative of a California estate must have a California probate bond. Estate administrators pay for the bond using funds from the estate.

How much does a probate bond cost in California?

Surety companies in California generally charge probate bonds within the range of 0.5% to 0.8% of the total bond amount needed. For instance, for an estate valued at $250,000, the probate bond premium might range from $1,250 to $2,000 to secure.

What are the probate fees in California?

To Recap: In California, statutory probate fees are based on the gross value of the estate and are as follows: 4% on the first $100,000; 3% on the next $100,000; 2% on the next $800,000; 1% on the next $9,000,000; 0.5% on the next $15,000,000.

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