FC FORM 75.2(B) Entry Regarding Fiduciary's Bond - Fairfield County Probate Division

Court decision regarding fiduciary bond entry

The Court grants the Application Bond is not required under Local Rule 75.2(G)(1) because the controlling instrument nominating the Applicant for appointment as Fiduciary expressly dispenses with bond and the Applicant resides in Ohio Bond is not required under Local Rule 75.2(G)(2) because the estate is solvent and the Applicant has filed with the Court a Consent to Dispense with Fiduciary's Bond signed by all heirs or beneficiaries and a Fiduciary's Acknowledgement of Personal Liability Bond is not required under Local Rule 75.2(G)(3) because the total value of personal property annual income and annual real property rentals is less than 10000 dollars Bond is not required under Local Rule 75.2(G)(5) because the Applicant has agreed to promptly deposit all assets into a restricted account at a financial institution in compliance with Revised Code section 2109.13 and promptly file written verification of deposit restrictions Under Local Rule 75.2(G)(6), the Court finds that special circumstances exist in this case as described in the Application establishing that bond is clearly unnecessary and the absence of bond will not prejudice any person or entity having a financial interest in this case The Court denies the Application but modifies the requirement of bond and orders the Applicant to preserve the assets of the estate in the following way

The Court denies the Application and orders the Applicant to post bond in the following amount