This is an official form from the District of Columbia Court System for estates of decedents dying on or after July 1, 1995, which complies with all applicable laws and statutes. USLF amends and updates forms as is required by District of Columbia statutes and law.
District of Columbia Petition for Personal Representative's Bond Pursuant to D.C. Code Sec. 20-502 (a-1)
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FAQ
Without bond means the executor has not been required by the court to post a bond with the court to insure that he does his job. Likely he also has been relieved of a duty to do inventories and accountings to the court.
Letters of Authority are issued by the probate court upon proper filing on an estate by an interested party.
Generally, within a week of receiving the petition for probate, the D.C. Superior Court Probate Division will issue a document called the Letters of Administration.
Letters of Administration are granted by a Surrogate Court or probate registry to appoint appropriate people to deal with a deceased person's estate where property will pass under Intestacy Rules or where there are no executors living (and willing and able to act) having been validly appointed under the deceased's will
Once the waiver is signed it means that there will be no bond to go against if the personal representative does not properly administer the estate and distribute the assets to the heirs.
Do you always need probate or letters of administrationYou usually need probate or letters of administration to deal with an estate if it includes property such as a flat or a house.you discover that the estate is insolvent, that is, there is not enough money in the estate to pay all the debts, taxes and expenses.
The waiver of a bond relieves the obligor of the requirement of posting a bond. A court may waive a bond by order or agreement of the parties. A will maker may request in the will that no bond be required.
Subject to the provisions of this article, a person in the following relation to the decedent is entitled to appointment as administrator in the following order of priority: (a) Surviving spouse or domestic partner as defined in Section 37. (b) Children. (c) Grandchildren.