Question

Whether to include a fiduciary bond provision in a will often depends upon who is being nominated executor.

true or false

Answer 1

Solution:-

Whether to include a fiduciary bond provision in a will often depends upon who is being nominated executor:-

True.

Explanation:-

Once your executor is appointed after your death, he or she will have to post a bond of security, which is a type of insurance policy against his or her stealing all the money in your estate.

Security is required in all instances, except when:

* Your will nominates an executor and directs the Master of the High Court to dispense with the need for security;

* The executor is your parent, spouse or child (unless the Master specifically directs the executor to provide security); and

* A court rules otherwise.