Q: My mother passed recently involved in a class action lawsuit, with no will. My sister wants me to waive the bond she
Would have to buy to secure my other brothers and sister and I. I don't feel comfortable waiving that bond because for one she already cleaned my mother's house out took all her jewelery and said all that was left was cleaning supplies and clothes, my grandparents are claiming my mother's vehicle saying it is theirs and they are threatening me if I don't sign the documents to find me incompetent. If my mother's lawsuit wins her estate may then be worth about 200 million. My other sister even tried to bribe me 100 to sign them.. I don't have the money to hire an attorney and I don't know what to do. I apologize so my question is IF I DO DECIDE TO WAIVE THAT BOND IS IT JUST GIVING HER THE RIGHT TO LEGALLY DO AS SHE PLEASES OR TO KEEP ALL THE INHERITANCE??
A: The bond serves to insure that your sister properly administers the estate. If she steals assets from the estate and does not have them to return, then you could get reimbursed from the bond. Waiving the bond does not absolve the personal representative from liability to mismanagement, but the bond provides an alternative payor source if mismanagement occurs.
Lawyers, want to be a Justia Connect Pro too? Learn more ›
- Arizona
- (931) 250-8585
- View Profile
- Answered
A: With that level of mistrust, don't waive bond. You are not obligated to do so.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
