Qualifying as a Fiduciary
Whether or not there is a Will a person cannot legally act as Executor or Administrator (Fiduciary) until they have appeared before the Probate Department and executed a bond (oath) for which security may or may not be required. The bond (oath) is a pledge to the State of West Virginia made to secure the estate against loss, damage or default on the part of the Fiduciary.
We will interview you in an attempt to determine an estimated value of the decedent’s probate estate in order for an appropriate “bond” to be set. If the subsequent inventory and appraisement of the estate reveals the assets to be greater or lesser than at first anticipated, the bond can be adjusted accordingly.
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