Anyone read old will and can access Ancestry?

+2 votes
148 views
Trying to source Sarah Collins-2 and James Phillips-6. Found a will, actually it is about James' estate. And I am very curious about what this might be. Can anyone explain???

Did Sarah die or did she run off with the $40000? The court seems to think she owes them. Or am I reading this wrong. Will admit to just quickly skimming, not good with wills.

Probate Records, 1823-1925; Indexes, 1827-1844; 1872-1884 (Hinds County, Mississippi); Author: Hinds County (Mississippi). Chancery Clerk; Probate Place: Hinds, Mississippi[https://www.ancestry.com/interactive/8995/005836522_00057?pid=4316289&backurl=https://search.ancestry.com/cgi-bin/sse.dll?db%3DUSProbateMS%26h%3D4316289%26indiv%3Dtry%26o_vc%3DRecord:OtherRecord%26rhSource%3D60525&treeid=&personid=&hintid=&usePUB=true&usePUBJs=true]
*Name: James Phillips
*Probate Date:24 Oct 1838
*Probate Place:Hinds, Mississippi, USA
*Inferred Death Year:Abt 1838
*Inferred Death Place:Mississippi, USA
*Item Description:Executors Bonds, 1823-1868
*Named: Sarah Phillips
in Genealogy Help by Terry Fillow G2G6 Mach 4 (46.2k points)

2 Answers

+5 votes
 
Best answer
Terry,

What you have linked to is an executors bond for $40,000 put up by Sarah and secured by Richard Cordell and John Gimball. The bond is made to ensure that Sarah will carry out her duties as executrix of the will and will report her actions to the court as required by the laws.

It appears that she did a good job. Take a look at the link below to see where the records of the estate can be found

https://www.ancestry.com/interactive/8995/005836522_00057?pid=4316289&backurl=https://search.ancestry.com/cgi-bin/sse.dll?db%3DUSProbateMS%26h%3D4316289%26indiv%3Dtry%26o_vc%3DRecord:OtherRecord%26rhSource%3D60525&treeid=&personid=&hintid=&usePUB=true&usePUBJs=true#?imageId=005836524_00263
by Karen Raichle G2G6 Mach 7 (75.2k points)
selected by Terry Fillow
Thank you. Wills make my eyes roll back in my head! But I knew this was an interesting one! Thanks for the link, I added it to her profile.
+4 votes
It looks like she is the executrix for James Phillip's will and along with the two other people named, has pledged a bond of $40,000, basically to make sure she does a good and complete job doing an inventory of all debts and assets, paying off debts, and distributing the remaining assets to the heirs.  If according to the judge she does a good job, the bond is forfeit but if she does a poor or incomplete job, then she owes the court up to $40,000.  In my family tree the bonds are usually $500-$1000 so Mr. Phillips must have been pretty wealthy.
by Marcie Ruiz G2G6 Mach 2 (29.4k points)
Thanks, Yes I had never seen a bond that high. The size made me think it was something wrong.

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