You may be required to post bond if the last will and testament does not waive the requirement, if you as the executor or administrator reside out-of-state, or if beneficiaries of the estate are minors. The purpose of posting bond is to ensure the administration of the estate is carried out properly. Specifically, to protect […]
New Jersey requires that a refunding bond and release be executed by a beneficiary to receive what was lef to them in the estate. This document serves two key functions. First, the beneficiary acknowledges their responsibility to return what was received if additional debts of the estate are uncovered and there are no other means […]
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