What is a waiver of bond?
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What is a waiver of bond?
Asked on November 8, 2012 under Estate Planning, California
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 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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