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Without bond means that the administrator, executor or trustee is not required to acquire a surety (an insurance policy basically) to ensure faithful execution of fiduciary duties. This does not mean, however, that the court won't require you to sign a personal bond, it just means you won't have to pay for one up front.
What else can I help you with?
Can us savings bond be considered subject of probate?
Assets of any kind can be subject to probate.
How do you probate an estate without a will in Colorado?
You fill out the normal probate forms. The estate will follow the Colorado law of probate for intestacy laws.
Is it possible to file probate without a lawyer in the state of Florida?
No Florida does not require you to use a lawyer to probate an estate, but probate can be complicated
Mom passed away without will the condo was in your and her name does it have to go to probate?
Probate in your state may have a monetary limit in order to require probate. A local probate attorney can answer your question.
Can you file for probate without s will?
Yes, you can file for probate without a will. If there is none, the intestacy laws for the jurisdiction (state) will be used to distribute the estate.
What happens when a person dies without a will and the deed is a survivorship deed?
Sole ownership of the property passes automatically to the survivor without requiring a probate proceeding.Sole ownership of the property passes automatically to the survivor without requiring a probate proceeding.Sole ownership of the property passes automatically to the survivor without requiring a probate proceeding.Sole ownership of the property passes automatically to the survivor without requiring a probate proceeding.
Can an executor sell property without going through the probate process?
No, an executor cannot sell property without going through the probate process.
When a person dies can anyone sale a bond?
No, not just anyone can sell a bond. In this case it would have to be the executor of the estate. They will have to include the bond in the inventory and assets. Their letter of authority from the probate court will allow them to sell the bond.
How long does it take to get inhertiance if not in probate?
The purpose of probate is to distribute things. Without it, there is no way to appropriately inherit something.
What happens if your dad dies without a will and only a portion of his property was put through probate?
Answer: The probate would need to be reopened.
What does disposed non-srs mean in a probate case?
In a probate case, "disposed non-SRS" refers to matters that have been resolved or closed without being classified as special administration cases (SRS stands for Special Administration Relief). This designation indicates that the probate proceedings for these cases have been finalized, and the assets or issues involved have been settled. Essentially, it means the probate court has completed its review and administration of the estate without requiring any special handling or oversight.
How do you get letter of administration to be given bond as of administratrix in?
You must petition the probate court to be appointed the administrator of the estate. If you are appointed you will need to post a bond and you will be issued Letters of Administration.
