Which of the following statements is TRUE regarding the personal representative's bond?
A) A bond is an oral promise by the personal representative to pay the amount of the bond to the court if the representative does not faithfully perform his duties.
B) Under the UPC, a bond is not required when an interested person demands that a bond be given.
C) A surety bond contains the signature of the personal representative.
D) In some states, no bond is required if the will includes a provision like the "No Surety on Bond" provision.

Question

Quizplus · Accepted Answer

In some states, no bond is required if the will includes a provision like the "No Surety on Bond" provision. This provision means that the personal representative will not have to post a bond or will not need a surety to guarantee the performance. This provision is typically included in the will during the estate planning process.

Which of the Following Statements Is TRUE Regarding the Personal