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The Law of Probate Bonds

ISBN: 9781634250894
Publisher: American Bar Association
Publication Date: 2016-03-07
Number of pages: 333
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  • Regular price $180.90

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Providing a detailed discussion of all aspects relating to probate bonds, this handbook is written by a team of highly experienced attorneys and claims professionals. Its twenty chapters examine all topics relevant to the issues that arise in the use of probate bonds, including:Public policy and the requirement for probate bondsUnderwriting and issuing probate bondsTypes of probate bondsClaimants on a bond, and the conditions or requirements for claims on a bondStatute of limitations on the surety's liabilityHandling and disposition of fiduciary bond claimsLiability issues, including for money principal borrows, the surety's liability for acts before the bond was issued, and for misconduct of co-fiduciariesAttorney neglect and bad acts on the suretyFiduciaries serving estates in multiple capacitiesThe Prudent Investor Rule and exposure of the probate suretyNon-estate property obtained under “Color of Office” Prior judgment against the principalPenal sum issues relating to probate bondsDefenses available to the probate bond suretyRecovery and salvageProbate surety and bankruptcyPractical guidance on handling probate bond claims

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