what is a surety bond in illinois probate
A court bond is a bit different than a probate bond, described above. Instead, a Court Bond is generally a bond that is used for another court-specific purpose. A Court Surety Bond, also known as a judicial bond, protects one party from a loss.The most typical type of court bonds are: probate bond is a type of fiduciary bond (also known as an executorâs bond) in a probate court estate.