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The Law Offices of Samantha K. Wolfe
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“Information Bits from the Boss: Samantha provides brief answers to clients frequently asked questions”

12/12/2022

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                          ​What if I’m appointed executer, do I have to furnish bond in order to serve in that position?
In Pennsylvania, one of the important reasons to have a last will and testament is that in the will, you can specify that your executor does not have to furnish bond in order to act as the executor and handle the assets in the estate.  To the extent that the will doesn’t provide that your executor is not required to furnish bond, then the executor may be required to obtain bond in order to handle those assets in the estate.  Our office did have a situation where the beneficiary was also the executor, and when dad had passed away, dad died without a will, and the beneficiary lived out of state.  In that case we had to get the executor appropriately bonded in order for him to be able to be appointed as executor.  We were able to work through a local insurance agency here in Waynesboro to be able to get him bonded.  The executor filled out the appropriate application, paid the appropriate fee, and then he was able to be appointed as the executor of dad’s estate.  One of the reasons that you want to have a last will and testament that states that your executor doesn’t have to furnish bond is so that you can eliminate that hassle and that expense during the estate administration process. For additional information please contact our office. 

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Elder Law, Estate Planning, Power of Attorney, Asset Planning, Medicaid Planning
The Law Offices of Samantha K. Wolfe
​20 East Sixth Street, Suite 206, Waynesboro, PA 17268
Hours: Monday thru Friday 8:30am to 4:30pm.
Other times by Appointment Only. Virtual Appointments Available.
717-655-2676
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  • Home
    • Our History
    • Meet Our Team
    • Our Office
    • Video Greeting
    • Affiliations
    • Publications
  • Our Services
    • Estate Planning
    • Asset Protection Planning
    • Long-Term Care Planning
    • Medicaid Planning
    • Special Needs Planning
    • Business Succession Planning
    • Estate Administration and Probate
  • Info for You
    • Newsletters
    • Seminars
    • Videos
    • FAQ - What If
  • Testimonials
  • Our Networks
  • Contact Us
    • Register for a Seminar
    • Send a Book
    • Request a Speaker
    • Survey
    • Reviews
  • Blog