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

+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...
Peer comment(s):

agree BdiL
2 hrs
agree Tina Vonhof (X)
4 hrs
agree Adrian MM. : post an Executor Bond in AmE, as per your Orgeon weblink, vs. swear an Executor's Oath in BrE but usually without furnishing security.
9 hrs
agree Daryo
13 hrs
agree Yvonne Gallagher
2 days 5 hrs
agree Laurens Vermeulen
6 days
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