A “fiduciary” is a person or entity appointed by a court to administer the assets of another. There are three basic classes of fiduciary bonds. Each has a similar purpose, i.e., to ensure the legal, fair and honest management of that third party’s funds and property.
  • PROBATE BONDS

These are bonds for fiduciaries that administer the assets of a deceased. Each application should be submitted prior to filing the pertinent court documents. Applicant’s current financial statement should be provided for bonds over $1.5 million.

  • CONSERVATOR/GUARDIANSHIP BONDS

Conservator/Guardianship Bonds are for fiduciaries that administer the assets of an incapacitated or incompetent person or what is referred to as a “ward or minor”. Each application should be submitted prior to filing the pertinent court documents. Applicant’s current financial statement should be provided for bonds over $1.5 million.

  • TRUSTEE/RECEIVER BONDS

These are bonds for “receivers” and “trustees” appointed by a court to administer the assets of a individual or business. Each application should be submitted prior to filing the pertinent court documents. Applicant’s current financial statement should be provided for bonds over $1.5 million.