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Just A Quick Question

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InspectorGreenPen

InspectorGreenPen Report 19 Oct 2007 20:41

No it is not the same.

An Administrative Bond guarantees that the executor or administrator of an estate will conduct his or her duties according to the provisions of the will and the legal requirements of the jurisdiction. If dishonest acts by the executor or administrator result in financial loss to the estate, the bond will act as an Indemnitor to the estate. This bond is posted by the executor or administrator of the estate.

*Sharm

*Sharm Report 19 Oct 2007 09:05

Hello folks
whats an administration and bond? is it the same as a will?
Thanks