Descrição do livro
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 bonds - Underwriting and issuing probate bonds - Types of probate bonds - Claimants on a bond, and the conditions or requirements for claims on a bond - Statute of limitations on the surety's liability - Handling and disposition of fiduciary bond claims - Liability issues, including for money principal borrows, the surety's liability for acts before the bond was issued, and for misconduct of co-fiduciaries - Attorney neglect and bad acts on the surety - Fiduciaries serving estates in multiple capacities - The Prudent Investor Rule and exposure of the probate surety - Non-estate property obtained under "Color of Office" - Prior judgment against the principal - Penal sum issues relating to probate bonds - Defenses available to the probate bond surety - Recovery and salvage - Probate surety and bankruptcy - Practical guidance on handling probate bond claims
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