Legal Question in Wills and Trusts in New Jersey
New Jersey requires an out of state executor to post a bond. How much is it?
Asked on 2/18/12, 11:12 am
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
THE PRINCIPAL AMOUNT DEPENDS UPON THE SIZE OF THE PROBATE ESTATE. DOES THE WILL REQUIRE THIS? SOMETIMES THE BOND CAN BE WAIVED IF THE WILL ALLOWS IT TO BE WAIVED. PREMIUM, IF A BOND IS REQUIRED, DEPENDS UPON BOND PRINCIPAL AMOUNT.
Answered on 2/18/12, 11:17 am
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