Executor's Bond — G.S. 28A-8-1

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01PRINCIPAL (EXECUTOR / ADMINISTRATOR)

Executor / Administrator Full Name *

Title *

Address *

Phone

02ESTATE INFORMATION

Decedent Full Name *

County *

Estate File Number *

Estimated Gross Estate Value *

03BOND AMOUNT

Bond Amount (set by Clerk of Court) * The Clerk typically sets bond at double the estimated estate value. Enter the amount the Clerk requires.

04SURETY TYPE

Type of Surety *

Corporate surety must be a licensed surety company approved to do business in NC. Personal surety must be a real-property owner in NC approved by the Clerk.

05SURETY INFORMATION

Surety Company Name *

NC License / Certificate Number

Attorney-in-Fact / Agent Name

Surety Company Address

06BOND CONDITIONS

The condition of this bond is that the above-named Principal shall faithfully discharge the duties of [Title] of the estate of [Decedent]; pay all lawful debts, claims, and charges properly chargeable against the estate; faithfully account for and distribute all assets of the estate to the persons entitled to receive them; and otherwise perform all duties required by law. If the Principal faithfully performs all such duties, this obligation shall be void; otherwise it shall remain in full force and effect.

07CERTIFICATION AND SIGNATURES

I, the Principal, and the Surety named above, certify that all information in this bond is true and correct; that the Surety is qualified to act as surety on this bond; and that we jointly and severally bind ourselves, our heirs, executors, and administrators for the faithful performance of the conditions of this bond. *

ABOUT EXECUTOR'S BOND

Required unless the will expressly waives bond for the named executor
The Clerk sets the bond amount — typically double the estimated gross estate value
Surety must be a licensed corporate surety company or a personal surety approved by the Clerk who owns NC real property
File with the Clerk of Superior Court along with the Letters Testamentary application
Bond may be reduced or waived later by court order if all interested parties consent

STATUTORY REFERENCE

G.S. 28A-8-1Executor bond requirement

G.S. 28A-8-2Amount of bond

G.S. 28A-8-4Corporate surety

G.S. 28A-8-5Personal surety

G.S. 28A-8-8Bond reduction/waiver

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