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The Probate Bond

California requires a personal representative to post a bond before letters issue, unless the will waives it or all beneficiaries waive it in writing. The court sets the amount from the personal property, the estate's expected annual income, and real property under independent administration.

A leather document folder tied shut with cord on an otherwise empty dining table, an empty chair pulled up on the far side.
The bond exists for the beneficiaries, not the representative. Waiving it is a decision with a beneficiary on the other side of it.

Required by default, waivable by document

Probate Code section 8480 makes the bond the starting position: except as otherwise provided by statute, every person appointed as personal representative must, before letters are issued, give a bond approved by the court. It runs for the benefit of interested persons and is conditioned on faithful execution of the duties of the office. Section 8481 supplies the two exits — the will waives the requirement, or all beneficiaries waive it in writing with the waivers attached to the petition for appointment. Neither is absolute: a will requiring a bond defeats beneficiary waivers, and even where waived the court may for good cause require one on petition or its own motion, before or after letters. Section 8482 caps the amount at the sum of the estimated value of the personal property, the probable annual gross income of the estate, and where independent administration is granted over real property, the estimated value of the decedent’s interest in it.

Sources: Probate Code s.8480 - Bond required before letters issue · Probate Code s.8481 - When a bond is not required · Probate Code s.8482 - Fixing the amount of the bond · Verified 2026-08-20.

What drives the number

ComponentCounts toward the cap
Estimated value of personal propertyYes
Probable annual gross income of the estateYes
Real property under independent administrationYes, at the decedent’s interest
Given by personal sureties instead of an insurerDoubles the amount
Before confirming a sale of real propertyAdditional bond, treating proceeds as personal property

Waiving it is a real decision

Most wills waive bond and most families sign the waiver without much thought, because the representative is a relative and requiring a bond feels like an accusation. It is worth being clear about what the waiver gives up: the bond is the fund a beneficiary recovers from when a representative mishandles the estate and has nothing of their own to reach. Where the estate is large, the representative is in financial difficulty, or the family is already uneasy, that protection is the cheapest one available. A beneficiary who is worried later can still petition the court, and section 8481 expressly lets the court require a bond after letters have issued.

Related: getting appointed, the duties the bond secures, why a sale can require more bond, and what the whole process costs.

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