When someone dies it can be a very difficult time for family members. At a time of personal grief, aside from making funeral arrangements and obtaining a death certificate, the estate of the deceased person needs to be dealt with.
In Scotland where no will exists and the executor is not the spouse, a Bond of Caution will normally be required by the Sheriff's court before a certificate of confirmation can be issued. The Bond of Caution is required by Scottish Law.
A Bond of Caution provided by an insurance company is a guarantee (for the benefit of creditors and beneficiaries) that the estate of the deceased will be distributed according to the Scottish Laws of Succession. The Bond of Caution is not an insurance policy which provides cover or protection to the Executor. The Executor retains the legal obligation to administer the estate according to law.
Further details can be found in our guidance leaflet.
To apply for a Zurich Executry Bond of Caution, please download the appropriate application form, complete and forward together with the supporting documentation requested within and payment.
We aim to respond to all Bond of Caution enquiries within two business days, however, please note that although we try to assist we are not able to offer terms in all cases.