Trustee Bond
What is a Trustee Bond?
A Trustee Bond is a type of Court & Fiduciary bond that ensures that a trustee properly manages and distributes the assets of a trust according to the terms of the trust and applicable laws.
Protects the beneficiaries of a trust from financial loss due to mismanagement or misuse of trust assets by the trustee.
May be required by the trust document, courts, or requested by beneficiaries to ensure responsible management of trust assets by the trustee.
Applicant’s personal information, credit history, bond amount (determined by the trust document or court), and trust details.
Based on credit history and bond amount, usually 1-3% of the bond amount for applicants with good credit.
