Bond of Caution
Our Bond of Caution Service
£150 fixed and inclusive fee
Bond of Caution Application prepared by our professionals.
Includes:
Assessment of your requirements
Preparation of Bond of Caution Application Form
Covering letter to Insurance Company
What is a Bond of Caution?
If there is no Will the appointed Executor Dative may need to get a Bond of Caution.
A Bond of Caution it is an insurance policy which protects the beneficiaries by insuring against any losses that there might be if the Executor fails to carry out their duties correctly. A failure could be the accidental mismanagement of the estate or may be a deliberate act of misappropriation/fraud.
Do I need a Bond of Caution?
It is always needed for a large estate and for a small estate where the Sheriff Clark has not helped with the completion of the Confirmation form.
The Bond of Caution comes from an Insurance Company who will charge a separate fee to give this cover under their policy terms. The Application form can be tricky as it must meet with the Insurer’s requirements. If you are unfamiliar with this type of application it is difficult to know what information to include.
We can complete the Insurer’s Bond of Caution Application for you.
This service is completion of the application form only. The Bond of Caution comes from the Insurance Company.
We can prepare your application to send to the insurer.
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