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Form AOC-825 Fiduciary Bond - Kentucky
What Is Form AOC-825?
This is a legal form that was released by the Kentucky Court of Justice - a government authority operating within Kentucky. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form AOC-825?
A: Form AOC-825 is a Fiduciary Bond used in Kentucky.
Q: What is a Fiduciary Bond?
A: A Fiduciary Bond is a type of insurance or surety bond that is required for individuals appointed as fiduciaries, such as administrators or guardians, to protect the interests of beneficiaries.
Q: Who needs to file Form AOC-825?
A: Individuals appointed as fiduciaries, such as administrators or guardians, in Kentucky need to file Form AOC-825.
Q: What is the purpose of filing Form AOC-825?
A: The purpose of filing Form AOC-825 is to provide financial protection for the beneficiaries of an estate or trust in case the fiduciary mismanages funds or acts negligently.
Q: Is there a fee for filing Form AOC-825?
A: Yes, there is a fee for filing Form AOC-825. The fee amount may vary, so it's best to check with the Kentucky Administrative Office of the Courts for the current fee schedule.
Q: Are there any specific requirements for the Fiduciary Bond?
A: Yes, there are specific requirements for the Fiduciary Bond, such as the bond amount must be equal to the value of the estate or trust assets under the fiduciary's control.
Q: How long does it take to process Form AOC-825?
A: The processing time for Form AOC-825 may vary, but it typically takes a few weeks to process the bond application.
Q: Are there any alternatives to filing Form AOC-825?
A: In some cases, a fiduciary may be able to obtain a waiver of the bond requirement or provide an alternative form of security, such as a cash deposit or an irrevocable letter of credit.
Q: What happens if a fiduciary fails to file Form AOC-825?
A: If a fiduciary fails to file Form AOC-825 as required, they may be subject to legal penalties and may be removed from their fiduciary position.
Form Details:
- Released on February 1, 2017;
- The latest edition provided by the Kentucky Court of Justice;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form AOC-825 by clicking the link below or browse more documents and templates provided by the Kentucky Court of Justice.
Download Form AOC-825 Fiduciary Bond - Kentucky
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