The executrix bond is also a part of the surety bond
which guarantees the faithful performance of the fiduciary
duty. The fiduciary named executrix is appointed by
the court for the performance of the duty as per the
will. To guarantee the executrix duty this executrix
bond is imposed. This executrix will carry on the wishes
which are expressed in the will to administrate and
distribute the asset. The executor may be a bank trust
officer, lawyer or trusted friend. This executor will
pay off any debt and settle the balance according to
the will. This executrix bond ensures the proper performance
and faithfulness of the executrix with reference to
the will. In failure of the performance, this executrix
bond helps to sue him in the court of law for the default.
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