License Surety Bonds

Decedent Debt Bonds

Decedent debt bonds are often needed when heirs to an estate sell the estate’s real property before certain statutory time periods have elapsed. The timing of the sale can subject the title to various risks that could arise after the title search has been completed, including unpaid estate or inheritance taxes, claims by creditors of the estate, and uncertainty surrounding probate of the will.

Because of these risks, the title insurer often will require that either the funds in question be held in escrow until certain statutory time periods have elapsed or that a bond be provided to protect them should a covered risk impair the marketability of the title. The bond is usually required in the amount of proceeds being distributed to the sellers/heirs.

The advantage of the bond option is that the heirs/sellers receive the proceeds promptly. The risks in question ultimately remain the responsibility of the heirs/sellers, and the bond serves to guarantee the heirs/sellers will meet their potential obligations.

Since 1993, Scott Bond Services has been the market-leading provider of decedent debt bonds. Our experience is a major asset as these obligations are often misunderstood within the surety bond underwriting community. We offer competitive pricing along with the same high level of service that thousands of bond clients have come to expect from Scott.

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Download the application you need and open in Adobe Acrobat to complete.

Submit your completed application to Joanna Carson via fax (434.455.8819) or e-mail She can be reached at 434-832-2150 if you have any questions or would like to discuss your particular situation.