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Old 03-17-2005, 02:37 PM
belon721 belon721 is offline
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Join Date: Mar 2005
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Thanks so much for answering my questions! I was thinking the purpose of the bond was to make sure he didn't do any "funny business" with my aunt's assets (not that I think he would)....so you affirmed that for me, thank you. You said that the court sets the bond for the value of all the estates assets...but would that include the assets which pass outside of the will, such as the living trust? When my aunt and uncle entered the assisted living facility they combined all of their liquid assets into the trust and put the names of the beneficiaries onto it to receive disbursements when they died (same beneficiaries as named in the will), from what I understand the assets in the trust pass outside of the will then...so they would not be included in the $230,000 bond figure? I am assuming the bond is only covering the value of the assets which pass through the will ie: their real estate and investments. Thanks so much for helping!
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