Probate Bonds of all types, including the Trustee Bond, require good personal credit and the services of an attorney must be enlisted. This type of bond is also known as an Executor Bond, Administrator Bond, Estate Bond, Fiduciary Bond, Guardianship Bond, Conservator Bond, or a Probate Bond.
This Trustee Bond, a type of Probate Bond, covers the faithful performance of duty by a trustee named in a will.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Trustee Court Bond holds you accountable for your decisions.
By possessing a Trustee Court Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your decisions.