Most states require that the personal representative of an estate post a bond:

Name: Most states require that the personal representative of an estate post a bond:
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Most states require that the personal representative post a bond in an amount in excess of the estimated value of the estate to ensure that her duties will be properly and faithfully performed.A person making a will often directs that his executor may serve without posting a bond,and this exemption may be accepted by the court.

Most States Require That the Personal Representative of an Estate