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Trustee Surety Bond

Bond Requirements and Online Application

A Trustee Surety Bond is required when someone has been appointed through a trust to handle the state of the deceased. To receive this bond, you must provide a copy of the trust. The purpose of this bond is to ensure the proper administration of the trust, and to guarantee that the trustee will act within the court rulings.

 

trustee court bonds

 

Difference Between a Trustee and Other Similar Bonds

An trustee bond is very similar to the administrator, executor, conservatorship, and guardianship bonds, with the following differences.

  • Administrator: Principal has been appointed to handle the estate of the deceased.
  • Executor: Principal has been appointed through a will to handle the estate of the deceased (and you must submit a copy of the will.)
  • Conservatorship: Principal has been appointed by the courts to handle the assets of a person who has been declared unable to handle their own affairs.
  • Guardianship: Principal has been appointed to protect the assets of a minor until they reach majority.
  • Trustee: Principal has been appointed through a trust to handle the estate of the deceased (and you must submit a copy of the trust.)

 

Requirements

The cost of this bond is based on personal credit. Our markets require that your FICO to be 650 or above. Surety1 only runs a soft inquiry on your credit, meaning that the pull will not affect your credit score.

To process your bond, we’ll need a copy of the proposed order from the court that specifies the bond requirements and amount. You must also provide a copy of the trust. Both of these items may be provided after you submit your online application. One of our surety experts will contact you with information on how to send in these documents.

 

How to Get Your Trustee Surety Bond

1. Complete an online application. It's free and no-obligation. 2. One of our surety experts will contact you with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and then you will receive your Trustee Surety Bond!   If you have any questions, please call us at 877-654-2327.
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