Bond
In general terms, a bond may be considered as a promise to pay for any losses that result from the misuse of funds or estate property entrusted to a guardian, trustee, or personal representative. A bond is similar to an insurance policy against loss.
In general terms, a bond may be considered as a promise to pay for any losses that result from the misuse of funds or estate property entrusted to a guardian, trustee, or personal representative. A bond is similar to an insurance policy against loss.