Bond of Personal Representative Pursuant to D.c. Code SEC. 20-502(A) - Washington, D.C.

Bond of Personal Representative Pursuant to D.c. Code SEC. 20-502(A) is a legal document that was released by the District of Columbia Courts - a government authority operating within Washington, D.C..

FAQ

Q: What is a Bond of Personal Representative?A: A Bond of Personal Representative is a legal requirement in Washington, D.C. for individuals appointed as Personal Representatives of an estate.

Q: What is the purpose of a Bond of Personal Representative?A: The purpose of a Bond of Personal Representative is to protect the estate and its beneficiaries from any potential mismanagement or misconduct by the Personal Representative.

Q: Who is required to obtain a Bond of Personal Representative?A: Individuals appointed as Personal Representatives of an estate in Washington, D.C. are required to obtain a Bond of Personal Representative.

Q: What is the D.C. Code SEC. 20-502(A) related to?A: The D.C. Code SEC. 20-502(A) is the relevant section of the Washington, D.C. Code that pertains to the Bond of Personal Representative.

Q: What happens if a Personal Representative fails to obtain a Bond?A: If a Personal Representative fails to obtain a Bond as required, the court may remove the Personal Representative and appoint a new one who complies with the legal requirements.

Q: How much does a Bond of Personal Representative cost?A: The cost of a Bond of Personal Representative may vary depending on factors such as the size of the estate and the personal representative's creditworthiness. It is typically a percentage of the estate's value.