Description
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
Covered
Not Covered