Free PC-480 - Connecticut

PROBATE BOND PC-480 REV. 10/04

STATE OF CONNECTICUT COURT OF PROBATE [Type or print in black ink.] DISTRICT NO.

RECORDED:

TO: COURT OF PROBATE, DISTRICT OF ESTATE OF/IN THE MATTER OF

DATE

PRINCIPAL [Name, address, and zip code]

POSITION OF TRUST

AMOUNT OF BOND $

SURETY [Name, address, and zip code]

AGENT OR AGENCY [Name, address, and zip code]

As appears in the records of this court, the above principal has been appointed to the POSITION OF TRUST indicated above and appeared in court and accepted said trust. KNOW ALL BY THESE PRESENTS, That we, as principal and surety, jointly and severally, promise to pay to the State of Connecticut the penal sum of the amount of bond written above and we, the said obligors, do bind ourselves and each of us, our heirs, executors, administrators, successors, and assigns and each of them to pay the aforesaid sum. The CONDITION OF THIS OBLIGATION is that said principal and any co-fiduciary of whom probate bond is required shall faithfully perform the duties of the POSITION OF TRUST indicated above and administer and account for all monies and other property coming into his or her hands, as fiduciary, according to law. We have read and understand the section of this bond below entitled "IMPORTANT NOTICES, CONDITIONS, AND REQUIREMENTS EXTRACTED FROM RULE 2 OF THE CONNECTICUT PROBATE PRACTICE BOOK" and, without excluding any other conditions and requirements that may be applicable, accept those stated in said section. NOW, THEREFORE, if the CONDITION OF THIS OBLIGATION, as aforesaid, is satisfied, according to law, then this obligation shall be void, otherwise to remain in full force and effect. SIGNED AND SEALED ON THE DATE WRITTEN ABOVE. PRINCIPAL..............................................................L. S. SURETY...................................................................L. S. PRINCIPAL.............................................................L.S. SURETY..................................................................L.S.

IMPORTANT NOTICES, CONDITIONS, AND REQUIREMENTS EXTRACTED FROM RULE 2 OF THE CONNECTICUT PROBATE PRACTICE BOOK Notice to Individual Surety A probate bond is a bond with security given to secure the faithful performance by an appointed fiduciary of the duties of his or her trust and the administration of, and accounting for, all monies and other property coming into his or her hands, as fiduciary, according to law. By agreeing to serve as surety on a probate bond, you obligate yourself individually to be responsible in the event that the fiduciary for whom you are to serve as surety, or any co-fiduciary, breaches his or her fiduciary duty. In the event that you are held liable as surety, your assets and your earnings may be taken to satisfy your obligation. Your agreeing to serve as surety on a probate bond is purely voluntary act. If you agree to act, you may thereafter seek a discharge from your obligation by application to the probate court, but such a discharge, if granted, will not relieve you of liability for breaches which occurred while you were a surety. You should inform the probate court in which you are serving as surety if you move from Connecticut. Upon becoming a non-resident of Connecticut during the period of your suretyship, you must immediately file a certificate of appointment of the judge of probate as your attorney for service of process in any action or proceeding against you or your property in connection with your suretyship. Notice Applicable to all Principals and Sureties Surety for a fiduciary serving with co-fiduciaries: By becoming a surety on the probate bond of a co-fiduciary, you accept the obligation to pay the damages resulting from a breach of any condition of a co-fiduciary's bond, upon determination of the amount of damages in accordance with law. Agreements between fiduciary and surety: A surety must disclose to the probate court and immediately furnish the court a copy of any agreement between the surety and fiduciary relating to the suretyship or its continuation. Principal and surety -- obligation and penalty of bond extend to real estate and assets under an Orderof Restriction on Control of Assets: While the amount of this bond may be less than would otherwise have been required, either because an asset of the estate is real estate or because an asset of the estate is subject to an Order of Restriction on Control of Assets, the obligation and penalty of this bond nevertheless extend to all duties of the fiduciary, including duties with respect to the real estate or an asset subject to the Order of Restriction on Control of Assets. An AFFIDAVIT OF FINANCIAL RESPONSIBILITY by each individual surety has been filed with the probate court. .................................................................................................................. Judge Clerk Ass't Clerk

ACCEPTED BY THE COURT Date:

As used in this document, the word fiduciary includes the plural, where the context so requires.

PROBATE BOND

PC-480

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