Illinois trustee bonds.
Faithful performance, underwritten fast.
A trustee sometimes must post security to manage trust property for the beneficiaries. Under the Illinois Trust Code (760 ILCS 3/702), the court sets the bond amount when the trust or the court requires one. These bonds are underwritten, not flat-rated; a surety specialist quotes them, usually within one business day.
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How much does an Illinois trustee bond cost?
It is underwritten: the premium is quoted from the bond amount and your financial picture, so there is no flat price to show.
Built so you can administer the trust.
When the trust or the court requires security, the bond has to be in place before you act. Here is the whole process:
Send us the trust details
Apply online with the bond amount the trust or court requires and the value of the trust property. We size from those figures.
A specialist underwrites it
A surety specialist reviews the trust, the trustee’s background, and indemnity. Larger trusts may call for financials or collateral — we raise that up front.
Execute & file
We issue the executed bond on the required form so it can be filed where the trust or the court directs.
How a trustee bond works, and what to have ready.
Why it is required
A court, or the trust itself, requires the trustee to post a bond before managing the trust's money or property.
Who it protects
The trust's beneficiaries. If the trustee mishandles the trust, they can recover the loss from the bond, up to the bond amount.
If there is a claim
The surety pays a valid claim and the trustee repays the surety.
Have these ready
- The court order or trust document that requires the bond, with the amount
- The court and case number, if a court is involved
- A summary of the trust's assets
- Your attorney's name and contact details
What it is and who needs it.
When a trustee needs a bond
A trustee holds legal title to trust property and manages it for the benefit of others. Most of the time a well-drafted trust waives bond — but not always.
Under the Illinois Trust Code, a trustee must give bond to secure performance of their duties when the court finds it’s needed to protect the beneficiaries or when the trust instrument requires it and the court hasn’t dispensed with it. The trustee bond then guarantees faithful performance: if the trustee breaches their duties, the beneficiaries can recover against it.
Because the exposure is the trust property, these bonds are underwritten rather than flat-rated, and large trusts may require financials or collateral. We size and quote once we see the trust and the required amount.
You need this bond if you’re
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
Term and renewal are set in the underwriter's quote.
Keep the bond in force for as long as the obligation behind it runs.
How to file it
Execute & file. We issue the executed bond on the required form so it can be filed where the trust or the court directs.
What sets the price
This bond is underwritten: the premium is quoted from the bond amount and your financial picture, so there is no flat price to show.
The application takes about ten minutes.
Tell us about the trust and the required amount. A surety specialist underwrites it and returns a quote — usually within one business day. Free until your bond is issued.
Start the application →Common questions.
Other Illinois bonds.
The same bond in nearby states.
Requirements checked on the carrier’s application, . Page updated .
Serving as a trustee and need a bond?
Send us the trust details and a surety specialist underwrites and quotes your trustee bond — usually within one business day. Free until your bond is issued.