Do I need a bond?
A bond is something that you should definitely have during the probate process. A bond acts similarly to an insurance policy on a bad executor and is designed to protect both creditors and beneficiaries. A bond ensures that everyone is rightfully compensated.
You will have to pay an annual premium on the bond. This must be done before the executor is appointed. While a bond is not required, it’s certainly recommended. Be sure to talk with your probate attorney about the importance of a bond.