Dec 31, 2021 11:03
2 yrs ago
33 viewers *
English term
enter security
English
Law/Patents
Law (general)
Will
I appoint him as my executer and direct that he shall not be required to enter security in any jurisdiction in which he may act
Responses
5 +6 | provide a bond | Mark Robertson |
Responses
+6
1 hr
Selected
provide a bond
An executor is some times required to provide a guarantee
An Executor Bond is a type of surety bond that guarantees the Executor will administer the estate according to law. An Executor Bond gives beneficiaries peace of mind, reassuring them that even if the Executor somehow loses or mishandles the estate's assets, the bond will protect them and they will be compensated.
https://blog.suretysolutions.com/suretynews/what-is-an-execu...
An Executor Bond is a type of surety bond that guarantees the Executor will administer the estate according to law. An Executor Bond gives beneficiaries peace of mind, reassuring them that even if the Executor somehow loses or mishandles the estate's assets, the bond will protect them and they will be compensated.
https://blog.suretysolutions.com/suretynews/what-is-an-execu...
4 KudoZ points awarded for this answer.
Something went wrong...