The District of Columbia Nominal Bond of Personal Representative is a type of bond that is required of an individual who is appointed to serve as a personal representative of a decedent's estate in the District of Columbia. The bond provides financial assurance that the appointed personal representative will fulfill their duties in accordance with the laws of the district and administer the estate of the deceased in a responsible and lawful manner. There are two types of District of Columbia Nominal Bond of Personal Representative: the Surety Bond and the Self-Insuring Bond. The Surety Bond is provided by a surety company and guarantees the performance of the personal representative. The Self-Insuring Bond is a written agreement between the personal representative and the estate’s beneficiaries in which the personal representative is financially responsible for any misconduct or mismanagement of the estate.
District of Columbia Nominal Bond of Personal Representative
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