Understand a Probate Bond and How much it will Cost?
Posted: July 5, 2019
Probate Bond is also known as the estate, executor, and fiduciary bonds. These bonds are required to be purchased by a person responsible for distributing a person’s estate after he or she passes away. The probate bond protects the deceased’s assets. Trustees have certain duties (some of which are fiduciary). Carry out the expressed terms of the trust instrument Defend the trust Prudently invest trust...
Probate Bond
Posted: October 2, 2011
Definition of a Probate Bond When an individual dies, that person has most likely left property and assets to be distributed. This property is referred to as an estate. Frequently, another person will oversee the distribution of the property and assets to the heirs of the estate. In order to provide certain protections to the heirs of the estate, this person must post a probate...