Description
A Trustee Bond guarantees the actions of a trustee in handling any remaining assets of an estate. It is also a type of court surety bond that is typically required by a court for individuals appointed as trustees regarding the estate of a minor or someone deceased or disabled.
Trustee bonds give security that the designated individual performs their duties in a lawful and ethical manner without fraud, misrepresentation or deception. For whatever legal reasons in appointing a trustee, a Trustee Bond ensures that the trustee adheres to the instructions and expectations of the court and acts according to the rules of law. A Trustee Surety Bond protects the beneficiaries of the trust from mismanagement of funds or misappropriation of the trust.
To understand more about this type of bond, let us first know what are the duties of a trustee.
https://suretybondauthority.com/trustee-bond/
Trustee bonds give security that the designated individual performs their duties in a lawful and ethical manner without fraud, misrepresentation or deception. For whatever legal reasons in appointing a trustee, a Trustee Bond ensures that the trustee adheres to the instructions and expectations of the court and acts according to the rules of law. A Trustee Surety Bond protects the beneficiaries of the trust from mismanagement of funds or misappropriation of the trust.
To understand more about this type of bond, let us first know what are the duties of a trustee.
https://suretybondauthority.com/trustee-bond/
Details
Carrier Information
Various
Admitted
Offered By
Availability 50 states + DC
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Covered
Not Covered
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