My name’s Neil Pedersen of Pedersen & Sons Surety Bond Agency and today I am going to discuss the new procedure in the COVID era for obtaining and filing bonds in Surrogate’s Court in the various counties of New York. As we continually move through...
When a decedent dies without a will, an administrator is appointed to administer an estate and the court requires that the administrator obtain an administration bond. An administrator bond guarantees that the estate will be properly distributed and that outstanding...
Surrogates require administrators to obtain an administration bond guaranteeing their faithful distribution of the deceased’s assets (when the deceased lacks a “Will and Final Testament.”) When a person dies intestate, it means they died without leaving behind a “Will...
