Introducing Digital Estate Bonding
The administration of estate bonding remains unchanged, stuck in a bygone era of overly complicated paper-based processes. A significant improvement to this process is needed to save time and money. Our NEW Digital Estate Bonding platform uses intuitive applications, delivering more comprehensive answers and streamlining the entire process for all parties.
Time to Modernize
Simplify the Process
Save Some Trees
New Digital Approach
The NEW Digital Estate Bonding Process
Our NEW Digital Estate Bonding platform reduces bond administration to five steps. The intuitive application provides more complete answers and a seamless process for all parties.
1. Digital Application
Once logged in, legal admins answer form questions and complete the online application. The broker advisor is alerted, and the law team may now engage the executor via the web app.
2. Broker Advisor Review
The broker advisor reviews the application. They will give immediate preferred pricing or, for the more complicated bonds, send it off for full underwriting
The insurance provider advises the broker on bond pricing. The final bond documents and any other supporting documents are provided for signature.
4. Lawyer Sign-Off
Final documents and signature requirements are sent to the law team for e-signature. These are automatically returned to the broker advisor for final review and issuance of the bond.
5. Bond Deliver
The broker advisor provides the signed and stamped bond to the law team. These are sent by email or courier based on the requirements of the provincial probate courts.
Frequently Asked Questions
How does Digital Estate Bonding support executor requirements?
Your clients will also save time. When ready, clients can click the “review application” button to access the portal to enter all required information for the lawyer review. Executors can return it to the lawyer with a “return application” button.
Does Digital Estate Bonding support law firms that operate with multiple lawyer?
Yes. Digital Estate Bonding is configured with bond portal access and assigned broker advisor. Lawyers and support teams all work from the same login. Lawyers can be broken into individual teams under the umbrella of the law firm or as one single team.
What types of documents are available through the Digital Estate Bonding?
The following documents are available for download.
- Administration Bond Application
- Beneficiary Consent and Acknowledgement Form
- Inventory Of Estate
- Personal Net Worth Statement
- Sample Bond Document
Request a Product Demo
Want to learn more? Our Bauld Insurance Advisors that specialize in Digital Estate Bonding will review the product in more detail and provide a live demo. Contact us today to schedule a product review.