Form AOC-825 Fiduciary Bond - Kentucky

What Is Form AOC-825?

This is a legal form that was released by the Kentucky Court of Justice - a government authority operating within Kentucky. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form AOC-825?A: Form AOC-825 is a Fiduciary Bond used in Kentucky.

Q: What is a Fiduciary Bond?A: A Fiduciary Bond is a type of insurance or surety bond that is required for individuals appointed as fiduciaries, such as administrators or guardians, to protect the interests of beneficiaries.

Q: Who needs to file Form AOC-825?A: Individuals appointed as fiduciaries, such as administrators or guardians, in Kentucky need to file Form AOC-825.

Q: What is the purpose of filing Form AOC-825?A: The purpose of filing Form AOC-825 is to provide financial protection for the beneficiaries of an estate or trust in case the fiduciary mismanages funds or acts negligently.

Q: Is there a fee for filing Form AOC-825?A: Yes, there is a fee for filing Form AOC-825. The fee amount may vary, so it's best to check with the Kentucky Administrative Office of the Courts for the current fee schedule.

Q: Are there any specific requirements for the Fiduciary Bond?A: Yes, there are specific requirements for the Fiduciary Bond, such as the bond amount must be equal to the value of the estate or trust assets under the fiduciary's control.

Q: How long does it take to process Form AOC-825?A: The processing time for Form AOC-825 may vary, but it typically takes a few weeks to process the bond application.

Q: Are there any alternatives to filing Form AOC-825?A: In some cases, a fiduciary may be able to obtain a waiver of the bond requirement or provide an alternative form of security, such as a cash deposit or an irrevocable letter of credit.

Q: What happens if a fiduciary fails to file Form AOC-825?A: If a fiduciary fails to file Form AOC-825 as required, they may be subject to legal penalties and may be removed from their fiduciary position.