An Administrator is a person appointed by a probate court when an individual dies leaving an estate but no will. An Administrator is appointed to oversee the deceased’s assets. This includes paying off the deceased’s creditors and taxes, as well as distributing the estate in the way the deceased would have liked to those who are entitled under law
Whenever a second party is held responsible for another person's assets, there is an element of risk involved. There is no guarantee that this person will use the funds in the estate appropriately. To help ensure funds are not misused, the court may require the Administrator to get an Administrator Bond.
An Administrator Bond is a type of court bond that promises that the Administrator will properly use and disburse the estate according to law. If the Administrator uses/disburses the estate for personal gain instead of how the deceased would have wished, someone can make a make a claim on the Administrator Bond.