A Missouri Corporate Surety Bond (Decedent Estate) is a type of legal bond issued by a licensed surety company that guarantees an executor's faithful performance of his or her duties in the administration of a decedent's estate. The bond is a financial guarantee that the executor will protect the assets of the estate from misappropriation and will make sure that distributions are made in accordance with the provisions of the will or other applicable law. The surety bond also ensures that creditors of the decedent are paid in full before any distributions are made to beneficiaries. There are two types of Missouri Corporate Surety Bonds (Decedent Estate): the Probate Bond and the Fiduciary Bond. The Probate Bond guarantees the executor's faithful performance of his or her duties in the administration of the decedent's estate, including the payment of debts and the distribution of assets according to the will or other applicable law. The Fiduciary Bond guarantees the executor's faithful performance of his or her duties in the administration of the decedent's estate, including the payment of debts and the distribution of assets to the beneficiaries.
Missouri Corporate Surety Bond (Decedent Estate)
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