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What are the requirements to Bond as an Executor?
It depends on the state. Not all states require an executor to post a bond and bond amounts vary by states. In any case, the bond is meant to serve as protection against fraud or embezzlement by an executor.
How do I question division of my father's estate?
You ask the executor or administrator for an accounting. If they do not provide one, you ask the probate court to call the executor or administrator before it to produce the required accounting (and to post a fiduciary bond, while you're at it).
What type of bond is required for the executor of an estate and where can it be purchased in Louisiana?
not sure of Louisiana
Does an executor of an Oregon will need to be an Oregon resident?
It is not normally a requirement. The court may require them to post a bond.
Why do they need to get Without Bond from Master Charge to start proceedings with an Estate account?
It could be MC is being used as a surety. Sureties are used to protect the estate they can be personal or corporate. Either the executor of the estate is required to post a bond (unless the will prohibits it) or the surety option is used.
What can be done if the executor takes estate property from the state where the estate is being probated and removes it to another state?
The executor's action's should be reported to the court immediately. Generally, the executor must post a bond with the court to insure their proper handling of the estate. You must ask the court's opinion on how to handle this situation.Of course, it depends on the details and you have not provided any.The executor's action's should be reported to the court immediately. Generally, the executor must post a bond with the court to insure their proper handling of the estate. You must ask the court's opinion on how to handle this situation.Of course, it depends on the details and you have not provided any.The executor's action's should be reported to the court immediately. Generally, the executor must post a bond with the court to insure their proper handling of the estate. You must ask the court's opinion on how to handle this situation.Of course, it depends on the details and you have not provided any.The executor's action's should be reported to the court immediately. Generally, the executor must post a bond with the court to insure their proper handling of the estate. You must ask the court's opinion on how to handle this situation.Of course, it depends on the details and you have not provided any.
What is the purpose of being bonded to gain access to deceased husbands assets?
If the will does not specifically state that no bond shall be required of the Executor of the estate, then the Probate Court MAY, place the requirement of such a bond upon you. This bond would become the 'insurance policy" to the estate that you perform and carry out your duties as Executor properly and correctly.
Can you buy insurance to protect estate assets in case of embezzlement by an executor who buys the insurance or bond?
The bond is required by the court to insure that the executor will distribute all estate assets as instructed. If you don't think the nominated executor is trustworthy you should object to the appointment and explain your reasons to the court. You should seek the advice of an attorney who could explain the bond to you. Embezzlement is a criminal offense and is not commonly committed by executors.
Can no bond be set for executor on will?
The testator can specify that no bond be required. It is a common clause often found in both standardized wills and forms. Consult a probate or estate attorney in your area for the specifics that work in the place you live.
IHow do you seek restitution from an executor who violated the terms of the will?
You should seek help at the court where the Will was filed. The executor may have posted a bond. You should act immediately.You should seek help at the court where the Will was filed. The executor may have posted a bond. You should act immediately.You should seek help at the court where the Will was filed. The executor may have posted a bond. You should act immediately.You should seek help at the court where the Will was filed. The executor may have posted a bond. You should act immediately.
Can a person out of jail on bond be an executor of an estate?
yes
Can a co-executor delay distribution of funds indefinitely?
No. They are required by law to settle an estate with expediency. If the executor, or co-executor, is delaying the distribution for no apparent reason they should be reported to the court. They can be replaced.No. They are required by law to settle an estate with expediency. If the executor, or co-executor, is delaying the distribution for no apparent reason they should be reported to the court. They can be replaced.No. They are required by law to settle an estate with expediency. If the executor, or co-executor, is delaying the distribution for no apparent reason they should be reported to the court. They can be replaced.No. They are required by law to settle an estate with expediency. If the executor, or co-executor, is delaying the distribution for no apparent reason they should be reported to the court. They can be replaced.
