§ 906 - Bond; amount, conditions - Vermont Statutes

§ 906. Bond; amount, conditions

Before letters testamentary or of administration are issued, the person to be appointed shall give a bond in such reasonable sum as the probate court directs, with one or more sufficient sureties, conditioned as follows:

(1) To make and return to the probate court within thirty days a true and perfect inventory of the goods, chattels, rights, credits and estate of the deceased, which shall come into the possession or knowledge of the person appointed, or into the possession of any other person for the person appointed;

(2) To administer according to law, if an executor, according to the will of the testator, all goods, chattels, rights, credits and estate which shall at any time come into the possession of the person appointed, or into the possession of any other person for the person appointed, and of the same, pay and discharge all debts, legacies and charges on the same, or dividends thereon as shall be decreed by the probate court;

(3) To render a true and just account of administration to the probate court within one year and at any other time when required by the court;

(4) To pay to the state treasurer all inheritance and transfer taxes which the person appointed is required to pay by the provisions of chapters 181 and 183 of Title 32 and to perform all other duties required by those chapters; and

(5) To perform all orders and decrees of the probate court. (Amended 1985, No. 144 (Adj. Sess.), § 38.)