Vermont Estate Executor Bond

VermontThe State of Vermont presented new legislation relating to the executor of an estate. The new law is labeled HB 461 and states that the judge of probate would establish the amount required for the surety bond that could be acquired regarding an application for the appointment of an administrator or executor of an estate. The present law requires a surety bond at a minimum of $300, and it is conditioned on the payment of funeral costs. A receipt for the payment of such expenses may be presented in place of the surety bond. The new bill has passed the House and has now moved on to the senate.