A common type of surety bond in Massachusetts is a personal representative bond. One of the required surety bonds by the state, a personal representative bond (also known as an administrator or executor bond) is required for anyone overseeing the handling of another estate. What Is A Personal Representative? When a person dies in the […]
It is always sad news when there is strife among beneficiaries after a loved one has passed. It is especially difficult when the strife plays out in public. After the tragic death of famed Actor/Comedian Robin Williams, his heirs are engaging in just such a public battle; as an article in the New York Times […]
Administrator Bond in Illinois are written to protect beneficiaries and creditors of an estate . The fiduciary is mandated by the State and local ordinances often add on to those requirements laid out there-in. Making an administrator bond necessary for personal representatives affects all types of estates whether they are in the big city of […]
A personal representative bond in Michigan carries a lot of weight with a minimal cost. Think of it as the surety bond that treads lightly but carries a big stick. Personal representative bonds protect the deceased’s assets and heirs fully. Should the administrator misuse funds or cause damage to the estate, the personal representative bond […]
A Personal Representative Bond in California is required to protect the interest of the deceased’s estate, its heirs and those parties who are owed money. The responsibility of a personal representative (commonly referred to as an administrator or executor in California) is taken seriously by the courts. Courts mandate the surety bond as a form […]
A surety bond definition may not be adequate to understand a bond fully and why it is needed. Take an Executor Bond in Texas for example. Here is a standard surety bond definition: “Personal Representative Bonds, also referred to as Administrator or Executor Bond) guarantee the faithful performance of the Personal Representative in their duties […]
Probate bonds may vary state-to-state making it difficult to know what the state mandates and requires. To help make fiduciary bonds more understandable, Jurisco is putting together series of blog posts related to court bonds and state requirements. Today we delve into Executor Bond Illinois. What is an Executor Bond and who needs it? Executors, […]
Many Florida courts require a personal representative bond as a way to protect an estate, beneficiaries and creditors from a financial loss. A Personal Representative Bonds Protect Assets, also known as an Administrator or Executor, has a duty to the beneficiaries of an estate to pay any debts the estate owes, execute the decedent’s final […]