What is a waiver of bond?

Asked on November 8, 2012 under Estate Planning, California

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

A bond waiver is a situation where a bond is required (secured money) for a particular matter such as in a probate matter and the Will specifically states that the person who is to be acting on behalf of the estate in the probate matter is not required to post a bond to secure money in the event the executor engages in improper behavior.


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