Surrogate’s Courts are established in each county in the State of New York to hear cases regarding how to sort out the affairs and assets of people who have died. But Surrogate’s Courts in New York do a lot more than just looking at wills.
Wills are approved and proven authentic in probate proceedings to the satisfaction of the Surrogate (Judge). The Surrogate determines whether the will is the proven last will and testament of the person who died. Administration, on the other hand, is the process of a court distributing a decedent’s assets if they died without a proven last will. Voluntary administration, or small estate administration, is the simpler method for distributing assets of someone who died without a will but whose personal assets do not total $30,000 in value.
The Surrogate’s Courts in New York also handles trusts created during the trust settlor’s lifetime and trusts arising upon the death of that person, usually through a will. These are referred to as inter vivos trusts and testamentary trusts respectively.
Guardianships are also handled by the New York Surrogate’s Court. The Court specifically handles matters involving guardianship of a person under 18’s person or property and guardianship over a mentally disabled person’s person or property.
Where can you purchase court required surety bonds for these matters?
Colonial Surety offers the direct and digital way to obtain estate & probate bonds, trustee bonds, and guardianship bonds. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are easy — get a quote online, fill out your information, satisfy underwriting requirements, and enter your payment method. Print or e-file your bond from your office. It’s that simple!