I'm executor of my brother's estate. No credit check on me.
Because you were appointed Executor in his Will.
An Executor is appointed in the Will and distributes the Estate according to the directions and wishes of the deceased outlined in the Will.
In the other cases, you can read above, there was no Will. So an Administrator is appointed and acts to distribute the Estate.
An Administrator has no Will to guide them, so is at higher risk of being challenged by unhappy heirs, family, creditors, etc... so the insurance or bond is put in place.
Fun stuff.
- Art