Ask Experts Questions for FREE Help !
Ask
    sergeant36's Avatar
    sergeant36 Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 3, 2009, 11:45 AM
    Estate bond insurance
    Here's my question; My mother has just recently passed away, her Estate is worth 42,000.. Can't get Bond Ins for the Estate because of weak credit, so now what? There is no outstanding debt that I am aware of that my mother owes to any creditor, so why do I need Bond Ins?
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
    Ultra Member
     
    #2

    Nov 4, 2009, 07:42 AM

    It is a legal requirement by your state. Talk to someone in the probate court and see what they say. If you are unable to get the bond, then someone else will administer the estate. Sounds as though your Mother did not have a last will and testament; is that correct?

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Bond & Insurance [ 1 Answers ]

My father and I are thinking about opening our own cleaning business. My question is do we need to purchase insurance and bond? Or either one?

Life insurance policy at risk with a bankrupted estate? [ 1 Answers ]

My father passed away recently and name myself as the sole beneficiary to his life insurance policy. His estate is not worth anything when combined with his debt therefore we will be bankrupting it or letting the leinholder issue foreclosure and setting up the estate to bankrupt it. My question is...

Bond and liability insurance [ 2 Answers ]

Hi, I just started a small business in cleaning. Do I need general liability insurance or business insurance and bond in the same time?thanks


View more questions Search