State of New Jersey statutes do not lay out particular requirements in order to be named an estate executor in the State of New Jersey. Essentially, it just has to be an adult. The court will then officially appoint that person unless there is clear evidence that this person gained the position through fraud or misconduct or is otherwise unfit to serve. Incapacitated people also cannot be appointed as estate executors.
Non-resident estate executors in New Jersey are required to post an executor surety bond unless the will specifically waives the requirement.
The court may require an executor surety bond from all executors in order to protect the interests of the estate and its beneficiaries.
Where can you instantly purchase an executor surety bond?
Colonial Surety offers the direct and digital way to obtain executor bonds. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are easy — get a quote online, fill out your information, satisfy underwriting requirements, and enter your payment method. Print or e-file your bond from your office. It’s that simple!