Legal Question in Wills and Trusts in Illinois
Surety Bond Of Legal Representative
My mother passed away without a will. I am being named the Administrator of her estate. One of the forms that I have to sign is called ''Surety Bond Of Legal Representative''. It also requires two ''sureties'' to sign also. We know the value of the estate is barely going to have enough money to cover the lawyer fees, funeral costs, and maybe a few of her debts. She owed a lot of money and didn't have very many assets. Who do we get to sign as a surety? Can it be my spouse? Or his parents?
2 Answers from Attorneys
Re: Surety Bond Of Legal Representative
I might suggest that there is another question you should be asking: why is a bond being required in the first place? In an estate which is a small one as you describe, there may be a way to go without a bond, particularly if you do it informal and unsupervised.
This response is for general information purposes only and does not create an attorney-client relationship.
Re: Surety Bond Of Legal Representative
anyone who wants to take on that duty.
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