answersLogoWhite

0

To make sure that those involved don't breach their fiduciary duty. It protects the heirs to make sure they get what they deserve.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What is a probate lawsuit?

It would be a lawsuit regarding a conflict arising from the probating of an estate.


What is bonding in reference to an inheritance?

Bonding is a type of insurance. Essentially a bond is posted for x dollars, so that if the executor fails to do their duty or embezzles money, the bond is forfeit and used to compensate the estate.


Can the executor of an estate file a wrongful death lawsuit on behalf of the estate?

Yes the executor can certainly bring a lawsuit. There is no requirement for there to be heirs to the estate to bring the suit. The estate may have many debts to settle, including medical bills and be able to use the money.


Why would an estate administrator be sued in a fiduciary lawsuit?

For mishandling an estate.For mishandling an estate.For mishandling an estate.For mishandling an estate.


Can the administratrix of an estate be held liable for law suits pertaining to the deceased?

The estate of the decedent is responsible for paying the judgment in any lawsuit against the decedent. When notice of the lawsuit has been filed in the estate the Administrator would be responsible for maintaining the assets until the lawsuit has been resolved. No distribution can be made to beneficiaries until the debts of the estate are paid. The Administrator can be held liable if they distribute assets before debts are paid.


What is bond estreature?

Bond estreature is the legal process of forfeiting a bond posted as a guarantee of performance or payment. This typically occurs when the bond issuer fails to meet their obligations or violates the terms of the bond agreement. Upon estreature, the bond amount is surrendered to the party that posted it as a form of compensation.


How do you sue the estate of a deceased person?

To sue the estate of a deceased person, you typically need to file a claim in probate court against the estate. The court will appoint an executor or administrator to handle the estate's affairs, including the lawsuit. Make sure to follow the legal procedures and deadlines set by the court.


Hi on an arrest inquiry report you can see charge description class court bond and BP what does B and P stand for?

Could be "Bail Posted" or "Bond Posted"


Your mother died with no estate and all debts were closed What happens if she had a pending lawsuit that was settled a year after her death Can creditors still collect on the settlement money?

If there is a lawsuit that benefits the estate, the estate will have to be reopened. The creditors can make their claims. The court should not have a problem reopening it in this instance. The creditors can force it as well.


How do you file a real estate breach of contract lawsuit?

Call your County Courthouse and ask them


Can posted bail be attached in a civil suit?

I have never heard of bail referred to in the context of a civil lawsuit.


Who won hamilton somerville's estate?

His daughters won the civil lawsuit on Sept 11, 2010.