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Bond/Safety
The person appointed as an executor, administrator, guardian, conservator or curator must take an oath that he or she will faithfully perform the duties required and further must give bond before entering upon his/her duties. A bond is a certificate or evidence of a debt with a sum fixed as a penalty which contains a written agreement binding the parties to pay the penalty. It contains a condition, however, that the payment of the penalty may be avoided by the performance by one or more of the parties of certain acts.
In some instances the bond can be unsecured. If the decedent’s will states that the personal representative shall serve “without bond,” “requiring no security” or “waiving bond,” then security is not required. For other circumstances see Virginia Code §§ 64.2-505, 64.2-1411 and 6.2-1003.
If security is not waived then surety will be required. Surety is always required for guardianship of a minor receiving assets. Requirements for surety for all other guardianships and conservators is determined by court order. Surety has the effect of insuring the bond should it become payable.
Most often surety or security is obtained through a bonding company. The company must have the authority to execute bonds in this Court by having a power of attorney recorded in the Court’s records. A premium proportionate to the value of the bond is paid to the bonding company.
Below is a list of Bonding Agents whose power of attorney is on file and have been used by others in this Court. This is not an inclusive list.
Greg Grimes
Grimes Insurance Agency
3915 Old Lee Hwy. Suite 23-B
Fairfax, VA 22030
703-385-2778
Welch, Graham & Ogden Insurance Inc.
7723 Ashton Avenue
Manassas, VA 20109
703-530-1300
James Inglefield
Inglefield Insurance LLC
DBA Rasnake Insurance Agency Inc.
2305 Horseferry Court
Reston, VA 20191
703-591-8008
703-273-5038
David Gambale
9405 Peabody Street
Manassas, VA 20110
703-691-4900
Aaron Duncan
Chances Bonding
17321 Jefferson Davis Highway, Suite 304
Dumfries, VA 22026
Telephone: 1-877-787-3380
Local: 703-221-2245
Wendy Hale
Loudoun Insurance Group
9720 Capital Court, Suite 106
Manassas, VA 20110
703-368-6464
Note: If you are a bonding agent and you are not on the list and you meet the criteria, please send an email and we will add you to the list.