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Qualifying Affidavit of Personal Sureties Arkansas Form

Qualifying Affidavit of Personal Sureties Arkansas Form

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The Ultimate guide to obtaining a Probate Bond What is a Probate Bond? A probate bond is often required of a court-appointed fiduciary to ensure that the fiduciary will faithfully distribute the assets of a deceased person per state law and terms of the trust/will. There are many types of probate bonds. Here are a few examples; • Administrator Bond • Conservatorship bond • Custodian Bond • Executor Bond • Guardianship Bond • Trustee Bond The word "fiduciary" comes from the Latin word fiducia, or "trust." So a fiduciary is someone in a position of trust. Fiduciary responsibility means acting in the other party's best interest, giving the assignment the highest level of care possible. A fiduciary for a probate bond has a legal and ethical responsibility to act in the best interest of the decedent. Some of the legal obligations of a fiduciary are as follows: • Prepare an inventory of property owned by the decedent at the time of hi

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