Section 3.21 Considerations in Setting Bond

• Library: Estate Administration 2014 Supp

E. (§3.21) Considerations in Setting Bond

In the exercise of its broad discretion in setting bonds, the court should consider the circumstances of each estate. If the assets of an estate are ample for payment of all known claims, a personal representative who is also the sole heir of an estate should be free of the bonding requirement after the claims period has expired and the claims have been paid. Bond waivers from the...