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What do I need to cancel my Probate/Fiduciary [type] bond?
- June 10, 2021
- Posted By: Paul Fazzio
- Category:
Any probate or fiduciary bond ordered by the court can only be released by the court. A Final Discharge is necessary for this type of bond to be canceled. To achieve this, fulfill fiduciary duties […]
I paid for this bond last year; why am I being billed again?
- Posted By: Paul Fazzio
- Category:
Most (court) bonds have a yearly renewal premium and will continue to renew until there is a Final Discharge. This ensures continuous financial protection for the beneficiaries and creditors of the estate or trust as […]
If my bond is discharged, will I get a return premium?
- Posted By: Paul Fazzio
- Category:
The first year’s premium is fully-earned upon issuance. Any premiums paid for subsequent years will be returned pro-rata to the date of discharge. To obtain this return, you must complete your fiduciary duties, secure a […]
The amount of my bond is inappropriate. What should I do?
- Posted By: Paul Fazzio
- Category:
Your attorney will be able to assist you with having the amount increased or decreased via court order. Supporting documentation, such as financial statements and risk assessments, should accompany the petition. Once the petition and […]
Do I have to fill out the entire application?
- Posted By: Paul Fazzio
- Category:
Yes. Unless you are told otherwise by H.M. Vreeland, the entire application must be completed. When applying for a California probate or fiduciary bond, it is essential to fill out the entire application thoroughly and […]
