Legal Question in Wills and Trusts in New Jersey
Bonded Will
Is there such a thing as a bonded will and what does that mean?
2 Answers from Attorneys
Re: Bonded Will
PERHAPS THERE IS, BUT RARELY APPLICABLE. IF AN ORIGINAL WILL IS LOST, IT IS POSSIBLE THE SURROGATE WILL ALLOW A PROCEDURE KNOWN AS ADMINISTRATION WITH THE WILL ANNEXED, AND ALLOW THE ESTATE TO BE HANDLED AS PROVIDED IN A VALID COPY. SINCE THIS IS TECHNICALLY AN ADMINISTRATION, EVEN IF THE WILL PROVIDES FOR NO BONDING (HAVING A BONDING COMPANY INSURE THAT THE TERMS OF THE DOCUMENT ARE CARRIED OUT), THE SURROGATE CAN REQUIRE THAT A BOND BE POSTED BY THE ADMINISTRATOR. THIS IS A RESPONSE TO AN INTERNET QUESTION AND THE REPLY IS NOT TO BE CONSIDERED AS LEGAL ADVICE OR AS CREATING AN ATTORNEY-CLIENT RELATIONSHIP.
Re: Bonded Will
The term "bonded will" has no significance in law. The term is used in theology.