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