meaning of "waive the bond","will be due"

[kjc0123]

What is the meaning of "waive the bond","will be due" in the following sentences?

 

Very well. Pursuant to this will, I will appoint you as the executor of your late father's estate. Notice to creditors will be filed today and published in a local paper. I'll waive the bond. Inventory and accounting will be due pursuant to the statute.

[Clanad]

Some places in the U.S. require that an executor to a will post a cash bond in some percentage of the value of the will to assure performance of the duties of executor.  In this case, the person speaking, whom I assume to be the judge in the case, is going to waive or not require that process...

[Clanad]

Sorry, missed the second part of your question... this phrase simply means, as executor of the will, one of his duties will be to make and inventory of all items listed in the will to assure they are actually available for distribution in accordance with the will.  This would, of course, require some accounting to total the cash assets as well...

[Peter Pedant]

will be due....he's got a duty and has to do the duty according to the enacted law.

Hi kj !

 

Nice to see you back !