Application To Reduce Bond {1.B}

FORM ePC-EGT-1.B - APPLICATION TO REDUCE BOND. This form is used in the Franklin County Probate Court is filed by a fiduciary—such as an executor, guardian, or trustee—who is requesting the court to lower the amount of the bond previously set for the administration of an estate, guardianship, or trust. The applicant provides a statement of the total value of personal property and funds currently under their control, as documented in a filed inventory or account. If a portion of these assets is securely held in a custodial depository under a prior court order, that amount is also specified to demonstrate that it is safeguarded and not at risk. Based on these financial disclosures, the applicant asks the court to reduce the existing bond amount, which is backed by a surety, to a lower amount that more accurately reflects the value of unprotected or at-risk assets. www.FormsWorkflow.com