Legal Question in Wills and Trusts in New Jersey

Refunding bond question

In a will, I was given a lump sum and a share of the final estate. I just received a refunding bond to notarize, sign and return that lists the lump sum but has no reference to the estate shares. Is this normal? Would signing this 'give away' the estate shares? I also contacted another member of the family that was left the same as I was and her bond says the same thing. I have tried contacting the attorney but as of yet have recieved no answer.

Thank you for your help :)


Asked on 1/04/07, 1:55 pm

2 Answers from Attorneys
Jonathan Chester The Law Office of Jonathan S. Chester, Esq., LLC

Re: Refunding bond question

What you describe is typical. Since the cash bequest is a fixed amount, the refunding bond can recite the fact that you have (or will) recieve that money. The share you recieve as part of the residuary estate will not normally be known untill all debts, expenses, etc. have been paid. When the estate is ready to be setled, you will likely recieve an estate accounting and will be asked to sign another document approving the accounting and releasing the executor.

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Answered on 1/04/07, 2:02 pm
Bernard J. Berkowitz Berkowitz & Raiken

Re: Refunding bond question

If there are still assets left in the estate to be distributed, this Bond should only be a "partial" refunding bond. It depends on the specific wording if it could be a release from any other estate assets. Either ask the estate's attorney or take the document to an attorney to review before you sign it. If I can be of help, please call for an appointment.

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Answered on 1/04/07, 2:36 pm


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