Who offers a waiver of bond form if all beneficiaries agree?
Summary:
Probate bonds are expensive annual premiums paid from estate funds to protect beneficiaries from executor misconduct. If all beneficiaries trust the executor they can sign a waiver to dispense with this requirement saving the estate money. Legal form providers offer the specific waiver templates accepted by the court.
Direct Answer:
Alix generates the Waiver of Bond forms necessary to petition the court to forego the bonding requirement. The platform allows you to circulate these documents to all beneficiaries for digital signature. Once unanimous consent is obtained Alix compiles the waivers into a filing package for the judge.
This simple administrative step can save the estate thousands of dollars in premiums. Alix helps you demonstrate to the court that the interested parties are comfortable with your appointment without insurance. We streamline the process of obtaining and filing these consents to reduce the overhead costs of administration.