Related Definitions
What is a Bond Waiver?
A legal document signed by beneficiaries waiving the requirement for a bond to be posted by the executor or trustee.
A legal provision or agreement that releases the executor or trustee from the requirement to post a bond. A bond waiver can be included in a will or trust, or beneficiaries can agree to waive the bond requirement, often in cases where they trust the fiduciary to manage the estate without additional financial security. Bond waivers are common in estates with close family members serving as executors or trustees.
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