Q: My girlfriend from Pa.has been asked to sign a bond waiver for estate of her father who lived in Md. What's this doc do?
Her half brother whom she has never met has emailed the form to sign, and, the father died almost 9 years ago.
A:
Whenever someone petitions to open an estate in Maryland they must post bond to cover the amount of the estate as well as the probate court taxes/fees unless it is waived by Will or by the interested persons.
Where the bond is waived by the Will, the Personal Representative only needs to post enough bond to cover the court costs. Where there is no Will, the Personal Representative must ask all the interested persons for permission to waive the bond requirement.
While the bond protects the heirs and interested parties, it also increases the costs of the estate. As a result an interested person might waive bond to keep more money in the estate.
While I hope this general information helps it does not substitute for getting legal advice specific to your situation.
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