California Probate Code 8481 – (a) A bond is not required in either of the following …
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(a) A bond is not required in either of the following cases:
(1) The will waives the requirement of a bond.
Terms Used In California Probate Code 8481
- interested person: includes any of the following:
California Probate Code 48
- Personal representative: means executor, administrator, administrator with the will annexed, special administrator, successor personal representative, public administrator acting pursuant to Section 7660, or a person who performs substantially the same function under the law of another jurisdiction governing the person's status. See California Probate Code 58
- Will: includes codicil and any testamentary instrument which merely appoints an executor or revokes or revises another will. See California Probate Code 88
(2) All beneficiaries waive in writing the requirement of a bond and the written waivers are attached to the petition for appointment of a personal representative. This paragraph does not apply if the will requires a bond.
(b) Notwithstanding the waiver of a bond by a will or by all the beneficiaries, on petition of any interested person or on its own motion, the court may for good cause require that a bond be given, either before or after issuance of letters.
(Enacted by Stats. 1990, Ch. 79.)