Surety Bonds:

Joel A. Schoenmeyer writes in his January 26, 2007 post on his Death & Taxes Blog: “Surety bonds are like an insurance policy for an estate and its beneficiaries. What are you insuring? That the executor or administrator isn’t going to run off to Tahiti with the estate’s assets.” He continues to detail other facts about surety bonds in Illinois and the applicable statues. I loathe explaining why such bonds are necessary to those clients of mine whom the court requires be bonded so his article was nice to see – it should help with those uncomfortable explanations in the future.

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