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Trustee Bonds – What happens when a Trustee resigns?
How are Trustee Bonds affected if a trustee resigns or dies? When a trustee resigns or dies and there are trustee bonds in place, their name will need to be deleted from the Letters of Authority by the Master. The master will require: A written resignation from the...
When is a Tutor appointed?
A tutor will be appointed over the estate of a minor (a person under the age of 18 years) if necessary. The law does not regard a minor as capable of managing their own affairs & they are therefore under disability. Under normal circumstances, the parents of the...
How do bond claims work?
Bond claims area investigated when it is suspected an estate has suffered a loss due to the actions of the the incumbent named on the bond. On completion of the investigation, the Master must be notified of any potential bond claims and the loss allegedly suffered...