The Illinois Bond of Distributee-Summary Administration is a bond required by the state of Illinois for individuals appointed to administer the estate of a deceased individual. It is an assurance of faithfulness and fidelity to the duties of the office. The bond guarantees that the distributed will correctly distribute the assets of the estate according to the laws of the state and that they will not commit any breach of trust or misapply any of the funds. There are two types of Illinois Bond of Distributee-Summary Administration: the Individual Bond and the Blanket Bond. The Individual Bond is for a single estate and is tailored to the specific estate, while the Blanket Bond covers multiple estates. The bond must provide coverage for a minimum of $25,000 and the applicant must provide a surety bond, signed by a surety company or individual surety with a minimum net worth of $250,000.