Probate Bond-Do I Need One

A probate bond is an assurance that typically takes the shape of a surety, signed jointly by the Executor/Personal Representative and the bond company. The goal of the bond is to ensure that representative of the estate carries out their responsibilities in strict compliance with the will, probate code and applicable court rules. If the representative falls short of fulfilling their responsibilities then either a creditor, beneficiary, an heir or other protected party may seek redress upon the bond to cover their loss and potentially costs of recovery.

Generally, every representative appointed by the court must post a bond unless there is an exception. Under Section 8481 of the California Probate Code a bond is not normally required if the will waives bond or if all of the beneficiaries waive the requirement of a bond unless the will specifically requires one. However, even if the will waives a bond, the court or an interested party may petition for the requirement that the representative obtain a bond.

This may occur when the estate has creditors and the court may dictate that a bond be procured for the amount of outstanding debts. Additionally, if the representative is not a resident of California the court will require a minimum bond in the amount of $12,000.00.

Because a bond is a surety contract, the issuing company will want to review the credit worthiness of the representative before issuing the bond. If there is the potential that the proposed representative may not be bondable due to poor credit or other matters it is important to consider alternate representatives named in the will, or otherwise, before petitioning for the will to be admitted to probate. If a problem is discovered after filing a petition for probate and a hearing is held, the parties will have to repetition for another party to be appointed which will delay the beginning of the administration for several months and perhaps longer.

135 thoughts on “Probate Bond-Do I Need One

  1. Pingback: essayforme

  2. Pingback: Buy cialis

  3. Pingback: Viagra kaufen

  4. Pingback: Cialis generika

  5. Pingback: Viagra generique

  6. Pingback: Buy generic cialis

  7. Pingback: Cialis 20mg

  8. Pingback: Viagra 5mg prix

  9. Pingback: Cialis from canada

  10. Pingback: Cialis online

  11. Pingback: Cialis online

  12. Pingback: Buy cialis online

  13. Pingback: Cialis prices

  14. Pingback: Cialis 5 mg

  15. Pingback: Ambika Ahuja Jaipur Escorts

  16. Pingback: Neha Tyagi Escorts Services In Jaipur

  17. Pingback: JAIPUR ESCORTS ALIYA SINHA

  18. Pingback: BANGALORE COMPANION ESCORTS

  19. Pingback: Dhruvi Jaipur Escorts

  20. Pingback: JAIPUR ESCORTS MODEL DRISHYA

  21. Pingback: Heena Khan Bangalore Escorts

  22. Pingback: Jiya Malik High Profile Jaipur Escorts Model

  23. Pingback: FUN WITH JAIPUR ESCORTS PUJA KAUR

  24. Pingback: XXX BANGALORE ESCORTS ROZLYN MODEL

  25. Pingback: XXX PORN SAPNA CHAUDHARY ESCORTS IN BANGALORE

  26. Pingback: Selly Arora Independent Bangalore Escorts

  27. Pingback: Enjoy With Jaipur Escorts Tanisha Walia

  28. Pingback: RUBEENA RUSSIAN BANGALORE ESCORTS

  29. Pingback: Bristy Roy Independent Bangalore Escorts

  30. Pingback: SRUTHI PATHAK MODEL BANGALORE ESCORTS

  31. Pingback: Bangalore Escorts Sneha Despandey

  32. Pingback: XXX PORN MODEL HONEY PREET ESCORTS IN BANGALORE

  33. Pingback: XXX PORN Radhika Apte Model Escort

  34. Pingback: GOA ESCORTS EVA J LAW

  35. Pingback: Fiza Khan Kolkata Escorts Services

  36. Pingback: Ruby Sen Kolkata Independent Escorts Services

  37. Pingback: Diana Diaz Goa Independent Escorts Services

  38. Pingback: Diksha Arya Independent Escorts Services in Kolkata

  39. Pingback: Devika Kakkar Goa Escorts Services

  40. Pingback: Rebecca Desuza Goa Independent Escorts Services

  41. Pingback: Yamini Mittal Independent Escorts Services in Goa

  42. Pingback: Simmi Mittal Kolkata Escorts Services

  43. Pingback: Kolkata Escorts Services Ragini Mehta

  44. Pingback: Navya Sharma Independent Kolkata Escorts Services

  45. Pingback: Elisha Roy Goa Independent Escorts Services

  46. Pingback: Alisha Oberoi Independent Escorts in Kolkata

  47. Pingback: Divya Arora Goa Independent Escorts Services

  48. Pingback: Simran Batra Independent Escorts in Kolkata

  49. Pingback: Ashna Ahuja Escorts Services in Kolkata

  50. Pingback: Sofia Desai Escorts Services in Goa

  51. Pingback: Goa Escorts Services Drishti Goyal

  52. Pingback: Mayra Khan Escorts Services in Kolkata

  53. Pingback: Sruthi Pathak Escorts in Bangalore

  54. Pingback: Ambika Ahuja Jaipur Escorts Services

  55. Pingback: new siriustube896

  56. Pingback: mtblawyer.com451

  57. Pingback: mtblawyer.com740

  58. Pingback: mtblawyer.com672

  59. Pingback: mtblawyer.com265

  60. Pingback: mtblawyer.com757

  61. Pingback: comment299

  62. Pingback: comment810

  63. Pingback: comment293

  64. Pingback: comment889

  65. Pingback: comment0

  66. Pingback: comment718

  67. Pingback: comment976

  68. Pingback: comment598

  69. Pingback: comment612

  70. Pingback: comment405

  71. Pingback: comment472

  72. Pingback: comment10

  73. Pingback: comment973

  74. Pingback: comment406

  75. Pingback: comment948

  76. Pingback: comment724

  77. Pingback: comment17

  78. Pingback: comment178

  79. Pingback: comment451

  80. Pingback: comment881

  81. Pingback: comment44

  82. Pingback: comment673

  83. Pingback: comment859

  84. Pingback: comment421

  85. Pingback: comment894

  86. Pingback: comment481

  87. Pingback: comment342

  88. Pingback: comment801

  89. Pingback: comment227

  90. Pingback: comment66

  91. Pingback: comment354

  92. Pingback: comment452

  93. Pingback: comment329

  94. Pingback: comment741

  95. Pingback: comment410

  96. Pingback: comment670

  97. Pingback: comment956

  98. Pingback: comment991

  99. Pingback: comment278

  100. Pingback: comment676

  101. Pingback: comment526

  102. Pingback: comment819

  103. Pingback: comment393

  104. Pingback: comment761

  105. Pingback: comment824

  106. Pingback: comment926

  107. Pingback: comment381

  108. Pingback: comment838

  109. Pingback: comment568

  110. Pingback: comment524

  111. Pingback: comment602

  112. Pingback: comment296

  113. Pingback: comment650

  114. Pingback: comment223

  115. Pingback: comment640

  116. Pingback: comment346

  117. Pingback: comment995

  118. Pingback: Cialis 20mg

  119. Pingback: comment685

  120. Pingback: comment298

  121. Pingback: comment577

  122. Pingback: comment413

  123. Pingback: comment942

  124. Pingback: comment432

  125. Pingback: Sruthi Pathak Bangalore Female Escorts

  126. Pingback: newtube sirius315 abdu23na5895 abdu23na88

  127. Pingback: new siriustube384 abdu23na517 abdu23na78

  128. Pingback: jigdf43g6684 afeu23na675 abdu23na66

  129. Pingback: tubela.net462 afeu23na499 abdu23na42

  130. Pingback: hd videos tubepla.net288 afeu23na6669 abdu23na6

  131. Pingback: 224H5oW2blT

  132. Pingback: hdmobilesex.me

  133. Pingback: buy tadalafil

  134. Pingback: Sruthi Pathak Bangalore Escorts Services

  135. Pingback: Trully Independent Bangalore Escorts Services

Leave a Reply