What is this type of insurance?
In the Scottish court, an executry bond is required by the courts before you can be confirmed as an executor and before they will grant confirmation on intestate estates.
This doesn’t protect executors
The bond does not protect, insure or indemnify the executor. It guarantees that the executor pays who he or she is legally obliged to pay from the estate – i.e. legally entitled creditors and legally entitled beneficiaries. RSA will pursue the individual who is the executor for any payments we have made on his or her behalf. The bond is a guarantee to these creditors and beneficiaries.
You cannot apply to us directly – we must be instructed by a firm of solicitors. See our summary sheet for more information about the bond.
How this bond works
- Required by law before you can be confirmed by the court as an executor
- A bond does not provide any insurance or protection for you
- It provides a guarantee that legal creditors and entitled beneficiaries of the estate of the deceased to which you are the confirmed executor will be paid by you
- If you do not pay them after they have pursued you then we pay them on your behalf and you then need to pay us
- The items contained in the inventory making up the total estate for confirmation or only such of those items as specified in the bond are guaranteed by this bond
The best of RSA
An expert claims service
Our appetite
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Examples we target and are at our most competitive in include:
- Estates <£2m
Downloads and documents
Read more about Scottish executry bonds in these documents.
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Mandate Template
DOC 27.5KB
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Current Bond Rates
PDF 18.7KB
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Executry Bond Template
DOC 23.5KB
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Executry Proposal
DOCX 99.4KB
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Summary Executry Bond
PDF 277.3KB
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Executry Bond IPID
PDF 277.3KB
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Executry Bonds EID
PDF 230.5KB
Contact us to apply for a bond
You must be a solicitor to apply for this bond. Contact us to apply.