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bond?
Powers, Duties, Accountability, Compensation
and Revocation of Appointment if Executors A: Yes.
and Administrators
Section 2, rule 81
Rule 81
GR: An executor can serve without a bond if the
Posting of Bond testator directs in his/her will that he/she
serves without a bond. (Is this absolute? No.)
Discussion: before and executor or
administrator enters upon his execution of his XPN: The court may still require the executor to
trust post bond to answer for the debts of the
testator, or in case there is a change of
Section 1: Bond of executor/administrator
circumstances or other sufficient cause.
Before an executor or administrator enters (discretion of the court)
upon the execution of his trust, and letters
testamentary, or administration issue, he shall
hive a bond, in such sum as the court directs, Two or more executors/administrators
conditioned as follows:
a.the court may take a separate cond from
a. to make a true and complete inventory of each; or
property which came to his knowledge and
b. a joint bond from all. (Section 3, Rule 81)
possession within 3 months;