Not in Louisiana? Trustee bonds in other states

Louisiana trustee bonds.
Stand behind your fiduciary duty.

Serving as the trustee of a Louisiana trust where security is required? The bond guarantees the faithful performance of your trustee duties. The amount is set by the trust instrument or approved by the court — underwritten, not flat-rated. Apply online and a surety specialist returns a quote, usually within one business day.

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Required when an individual trustee must furnish security under the Louisiana Trust Code (R.S. 9:2171)
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Guarantees faithful performance — prudent management and honest accounting of trust assets
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Amount set by the trust instrument or approved by the court — we underwrite and quote it
A-ratedA.M. Best carriers1 daytypical quoteTrust-sizedpenal sum
Trusted by industry leaders
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
Price

How much does a Louisiana 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.

How it works

Built to qualify the trustee.

When security is required, you need the bond before you can act fully as trustee. Here's the entire process:

TODAY · ONLINE

Tell us about the matter

The application captures the basics — the court, the docket or succession number, the penal sum the court (or the estate) has set, and who the principal is. Send the order, judgment, or inventory if you have it; if not, we ask for it once.

WITHIN 1 BUSINESS DAY

A specialist underwrites it

Court and fiduciary bonds are individually underwritten. A surety specialist reviews the penal sum, the fiduciary, and the file, runs a soft credit check, and returns a quote — usually within one business day. Larger penal sums may call for financials or collateral.

ONCE TERMS ARE SET

Execute & file

Approve the quote, post any collateral required, and we issue the executed bond on the court's required form with the power of attorney attached. File it with the clerk so the order, appeal, or appointment can take effect.

In plain English

How a trustee bond works, and what to have ready.

  1. 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.

  2. 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.

  3. 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
About this bond

What it is and who needs it.

When a trustee must post a bond

A trustee holds and manages property for the benefit of others. The Louisiana Trust Code protects the beneficiaries by requiring security for the faithful performance of the trustee’s duties — unless the trust instrument waives it.

The bond guarantees the trustee will administer the trust prudently and account honestly: investing assets, making distributions, and following the terms of the trust. If the trustee breaches those duties, the surety answers for the loss.

An individual trustee furnishes security unless the trust instrument dispenses with it; a corporate trustee generally need not, unless the instrument requires it. Where the instrument is silent, the amount and type of security are approved by the court. Send us the trust and the asset value and we'll size the bond.

Louisiana AuthorityLa. R.S. 9:2171 (Louisiana Trust Code) provides that an individual trustee shall furnish security for the faithful performance of his duties unless the trust instrument dispenses with security; a corporate trustee need not unless the instrument requires it. The amount and type of security, if not provided in the instrument, are approved by the proper court.

You need this bond if you are

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An individual trustee of a Louisiana trust whose instrument does not dispense with security
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A successor trustee stepping in where the court requires a bond to qualify
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A trustee the court has ordered to post security to protect the beneficiaries
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Counsel or a beneficiary arranging the bond the trust instrument or court requires
After you buy

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. Approve the quote, post any collateral required, and we issue the executed bond on the court's required form with the power of attorney attached. File it with the clerk so the order, appeal, or appointment can take effect.

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.

You pay nothing until you approve the price.

Tell us the trust, the value of the assets, the amount required, and who the trustee is. A specialist underwrites it and returns a quote — usually within one business day. Free until your bond is issued.

Start the application →
FAQ

Common questions.

What is a Louisiana trustee bond?A fiduciary bond guaranteeing that a trustee will faithfully perform their duties under the Louisiana Trust Code — managing the trust prudently and accounting honestly to the beneficiaries.
Does every trustee need a bond?No. Under R.S. 9:2171 an individual trustee furnishes security unless the trust instrument dispenses with it, and a corporate trustee generally need not unless the instrument requires it. Where security is required and the instrument is silent on amount, the court approves it.
How much does it cost?There's no flat rate. Premium is a percentage of the penal sum — set by the trust instrument or the court and generally scaled to the trust assets — and depends on the trustee's credit. We size and quote the exact figure before you commit.
Who sets the bond amount?The trust instrument, or, if it is silent, the proper court. The amount and type of security are approved by the court under R.S. 9:2171, generally keyed to the value of the trust assets.
How fast can I get it?A specialist typically returns a quote within one business day of a complete application. Once terms are approved, we issue the executed bond so you can qualify and act as trustee.
Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.
How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.
Related bonds

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Nearby states

The same bond in nearby states.

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Get bonded and serve as trustee.

Underwritten by a specialist, quote usually within one business day. Free until your bond is issued.

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