The Law of Probate Bonds

Jeffrey M. Frank is Managing Partner of Alber Crafton, PSC, practicing in the Troy, Michigan, office. Sharon A. Sergeant is Claims Director for CNA Surety in its Sioux Falls, South Dakota, office.

Contents Chapter 1: Public Policy-Why Require Probate Bonds? Chapter 2: Underwriting the Probate Bond Chapter 3: Types of Probate Bonds and Rules of Fiduciaries Chapter 4: Claimants on a Bond Chapter 5: Procedural Prerequisites to Asserting Claims on Probate Bonds Chapter 6: Statute of Limitations: When the Surety's Liability Can Be Laid to Rest Chapter 7: Handling and Disposition of Fiduciary Bond Claims: Types of Claims and Damages Chapter 8: Bond Liability for Money Principal Borrows Chapter 9: Surety's Liability for Acts Occurring before Bond Was Issued Chapter 10: The Impact of Attorney Neglect and Bad Acts on the Probate Bond Surety Chapter 11: The Surety's Liability for Misconduct or Co-Fiduciaries Chapter 12: Fiduciaries Serving Estates in Multiple Capacities Chapter 13: Non-Estate Property Obtained under Color of Office Chapter 14: The Prudent Investor Rule and Exposure of the Probate Surety Chapter 15: Prior Judgment against the Principal and Its Effect on the Probate Surety's Liability Chapter 16: Penal Sum Issues Relating to Probate Bonds Chapter 17: Defenses Available to the Probate Bond Surety Chapter 18: Probate Bonds: Recovery and Salvage Chapter 19: The Probate Surety and Bankruptcy Chapter 20: Practical Guide to Handling Probate Bond Claims