To make sure that those involved don't breach their fiduciary duty. It protects the heirs to make sure they get what they deserve.
It would be a lawsuit regarding a conflict arising from the probating of an estate.
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.
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.
For mishandling an estate.For mishandling an estate.For mishandling an estate.For mishandling an estate.
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.
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.
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.
Could be "Bail Posted" or "Bond Posted"
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.
Call your County Courthouse and ask them
I have never heard of bail referred to in the context of a civil lawsuit.
His daughters won the civil lawsuit on Sept 11, 2010.