Maryland trustee bonds.
We size, underwrite & quote it.

When a court or a trust requires a trustee to be bonded, it’s a condition of serving.
The bond guarantees you’ll perform the trustee’s duties faithfully.
The court sets the amount to the value of the trust — and we underwrite it.
A surety specialist reviews your file and returns a quote, usually within one business day.

Required when the court or trust mandates it under Md. Est. & Trusts § 14.5-702
Penal sum is set by the court to the value of the trust property
Underwritten on your file; collateral may apply to a large trust
Underwrittentrust sets the amountA-ratedA.M. Best carriers1 business daytypical specialist reply
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Built for taking office.

When bonding is required, the trustee usually has to post it before acting on the trust. Here is the whole process:

TODAY · 10 MINUTES

Send us the file

Apply online with the trust details — the value of the trust property, the parties, and the bond amount the court set or the trust requires.

WITHIN 1 BUSINESS DAY

A surety specialist underwrites it

A specialist reviews the trust, your financials and credit, and any collateral, then returns a quote. The penal sum is set by the court — underwriting decides approval and any collateral.

ON APPROVAL

Execute & file

Once you bind, we issue the executed bond on the court’s required form with the power of attorney attached, ready to file so you can act on the trust.

About this bond

What it is and who needs it.

What a trustee bond guarantees

A trustee bond guarantees the beneficiaries that the trustee will administer the trust honestly, account for the assets, and follow the terms of the trust and Maryland law.

Under the Maryland Trust Act, bonding isn’t automatic — a trustee gives bond only if a court finds it needed to protect the beneficiaries or the trust instrument itself requires it. When that happens, the bond is the condition of serving.

If a trustee breaches the trust or misappropriates assets, the surety makes the beneficiaries whole and then pursues the trustee. Because the surety stands behind the trust property, the bond is underwritten on your credit and finances, and a large penal sum can require collateral. We tell you what your file needs before you commit.

Maryland StatuteMd. Code, Est. & Trusts § 14.5-702, part of the Maryland Trust Act, provides that a trustee shall give 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. The court may specify the amount of the bond, the liabilities the bond covers, and whether sureties are necessary, and the court may modify or terminate a bond at any time.

You need this bond if you’re

A trustee of a trust whose instrument requires the trustee to be bonded
A trustee the court has ordered to give bond to protect the beneficiaries’ interests
A successor trustee stepping into a trust that calls for bonding
An attorney or fiduciary who needs the bond on file before acting on the trust

The application takes about ten minutes.

These are the actual underwriting fields — the trust, the bond amount, your finances, and your credit. Submit once and a surety specialist returns a quote, typically within one business day. Free until your bond is issued.

Start the application →
FAQs

Common questions.

If yours isn't here, the bond team can usually answer within the hour.

What is a Maryland trustee bond? +
It is the bond that guarantees a trustee will faithfully perform the duties of the office — administering the trust honestly and accounting for the assets. Under Md. Est. & Trusts § 14.5-702, a trustee gives bond only when a court finds it needed to protect the beneficiaries or the trust requires it.
How much does it cost? +
It is underwritten, not flat-rated. The court sets the penal sum to the value of the trust property. A surety specialist reviews the trust, your finances and credit, and any collateral and returns a premium quote, usually within one business day.
When is a trustee bond required? +
Under § 14.5-702, only when a court finds a bond is needed to protect the beneficiaries or the terms of the trust require one. Many trusts waive bond; when bonding is required, it’s a condition of serving as trustee. We tell you what your file requires.
Who sets the bond amount? +
The court does, sized to the value of the trust property. Under § 14.5-702 the court may specify the amount, the liabilities the bond covers, and whether sureties are necessary, and may modify or terminate the bond at any time. We size and underwrite the bond to whatever the court orders.
How fast can the bond be issued? +
A specialist typically returns a quote within one business day of a complete application. Once you bind and any collateral is in place, the executed bond issues on the court’s form, ready to file so you can act on the trust.
Related bonds

Other New York bonds.

Get bonded to serve as trustee.

Send us the trust details and a surety specialist sizes, underwrites, and quotes the bond — typically within one business day. Free until your bond is issued.

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