Maine trustee bonds.
Faithful performance, backed.
When a court requires a trustee to be bonded, this is the bond.
It secures the trustee’s faithful performance of their duties to the beneficiaries.
The court sets the amount in reference to the value of the trust property.
It is underwritten, not flat-rated — tell us the trust and the role, and we quote it.
Trusted by industry leaders
Built for the order requiring bond.
A trustee usually only needs this when the trust instrument or the court requires it. Here is the whole process:
Tell us the trust & the role
Send the court (or the trust instrument’s requirement), your role as trustee, and the value of the trust property. That value drives the amount and the quote.
A specialist underwrites & quotes
A surety specialist reviews the matter, including a soft credit check, and returns a quote. Most trustee bonds clear on credit; larger trusts may require financial statements, which we flag up front.
Execute & file
We issue the bond on the form the court accepts, with the surety’s power of attorney attached, so it can be approved and you can administer the trust.
What it is and who needs it.
When a trustee has to be bonded
A trustee holds and manages property for the benefit of others, under a duty of loyalty and prudence. Many trusts waive bond — but a court can still require one, especially in litigation or when the instrument calls for it.
The trustee bond secures the trustee’s faithful performance: investing prudently, accounting honestly, and distributing the trust as its terms and the law require. If the trustee breaches that duty, the bond answers to the beneficiaries.
Under the Maine Uniform Trust Code, a trustee gives bond to secure performance of the trustee’s duties only if the court finds that a bond is needed to protect the interests of the beneficiaries or a bond is required by the terms of the trust and the court has not dispensed with the requirement — 18-B M.R.S. §702. The court specifies the amount, the liabilities it covers, and whether sureties are necessary, and may modify or terminate the bond. (A financial institution qualified to do trust business in Maine need not give bond.) When the court requires it, we size and underwrite the bond to the order.
You need this bond if you’re
Start with your role and the trust value.
These are the actual underwriting fields — your trustee role, the court, the trust, and your business. Submit once and a surety specialist responds in about one business day with a quote and any financial requirement. No charge until the bond is issued.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
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Other New York bonds.
Get bonded so you can serve as trustee.
Send your role and the trust value. A surety specialist underwrites it and returns a quote — typically within one business day. No charge until the bond is issued.