Motion For Release Of Assets In Lieu Of Bond {PC-EGT-1.GM}

FORM EGT-1.GM - MOTION FOR RELEASE OF ASSETS TO BE DEPOSITED WITH A CUSTODIAN IN LIEU OF BOND. This form is used in the Probate Court of Franklin County, Ohio when a fiduciary, such as an executor, guardian, or trustee, requests court approval to release and deposit certain estate or guardianship assets with a custodial depository instead of posting a bond. The purpose of the form is to allow the fiduciary to transfer estate or guardianship funds to a financial institution for safekeeping, serving as security in place of a bond under Ohio Revised Code 2109.13. The depository is prohibited from releasing the funds without a court order, and the institution holding the funds must file a verification with the court within ten days confirming the deposit. This form is typically used in probate cases involving estates, guardianships, or trusts where the court requires financial protection without requiring the fiduciary to obtain a traditional bond. www.FormsWorkflow.com