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ESTATES CODE CHAPTER 257 PROBATE of WILL as MUNIMENT Form

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ESTATES CODE CHAPTER 257 PROBATE of WILL as MUNIMENT Form

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[Music] if you're involved in a california probate you may have heard that some executors or administrators are required to set up a probate insurance bond hello i'm paul grow director of the estate administration department at the law offices of daniel hunt in this video i'll explain what a probate bond is when it's required and how much it costs a probate bond also known as a fiduciary bond is a type of surety bond held by the personal representative for the estate to insure them as they perform all their fiduciary duties as required in the california probate code a probate bond protects the estate's beneficiaries and or the heirs from any mistakes intentional or unintentional the personal representative of the estate might make in their role unfortunately some executors or administrators fail to observe their fiduciary duties which results in monetary damages for the heirs or beneficiaries if the estate beneficiaries receive a judgment against

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