If you’re creating your estate plan in California, now’s the time to include an executor probate bond. Executors play a significant role in overseeing your estate, and you want to take steps to avoid mistakes and confusion. Executor probate bonds add an extra layer of protection for your estate. An executor probate bond can help you avoid unforeseen issues with your estate. Here are four reasons why the executor of your estate should have a probate bond.
Provide peace of mind
If your loved ones are concerned that they won’t receive the assets they’re entitled to once you pass away, a probate bond can give them the peace of mind they need.
Avoid conflict of interest
If you’ve chosen one of your heirs to act as executor of your estate, a probate bond can help the process. Choosing an heir to act as executor can set the stage for conflict of interest arguments.
That’s especially true among family members. An executor probate bond can help alleviate questions and concerns.
Protect a sizable estate
If you’re leaving your loved ones with a sizable estate, you want to provide added protection. One way to do that is by requiring your executor to have a probate bond. Fraudulent activities are more likely to occur with a sizable estate.
But, unforeseen mistakes are also more likely when large sums of money are involved. A probate bond can help protect against those types of issues.
Now is the time to start planning your estate. A probate bond can help protect your executor and your estate.