What is a surety bond in regards to Administration.

[Unregistered]

Hello,

we are starting to do the paper work in regards to my father estate.
We are not using a lawyer, and we have narrow down that the debt is 10,000 based on our inquires and the estate is small at 30,000.


we were told by the clerk that there may be a possibility that we may need to have a "surety" bond. For the fact that we know there are debts to my dad and he said we may have overlooked other debts.

Question is:
What is a "surety bond"? What is the procedures and penalties for having one?
I'm used to hearing bond when your're arrested, so this is new to us.

Thanks

[Surety Guy]

See the bond information section of our parent web site. You should find the answers to all of your questions there.