Executor Bond
Learn about executor bonds - when they're required, how much they cost, and alternatives. Understand state requirements for estate administration bonds.
Do I need to get a bond if I'm named as executor of an estate?
Whether you need an executor bond depends on your state's laws and what the will says. Many states require executors to post a bond unless the will specifically waives this requirement. The bond protects beneficiaries from potential mismanagement of estate assets. If the will doesn't waive the bond requirement, the probate court will typically require one before you can begin serving as executor.
