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

Serve as trustee with the bond the court or the trust requires.
The bond guarantees you’ll perform the trustee’s duties faithfully.
The court sets the amount to the trust’s assets — and we underwrite it.
A surety specialist reviews your file and returns a quote, usually within one business day.

Required when the court or the trust calls for bond under Minn. Stat. § 501C.0702
Amount is specified by the court to the value of the trust assets — not a flat figure
Underwritten on the trustee’s file; collateral may apply to a large trust
Underwrittencourt sets the amountA-ratedA.M. Best carriers1 business daytypical specialist reply
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
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Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Built for the trust administration.

When the court or the trust instrument requires a trustee to be bonded, the bond has to be in place before you administer the trust. Here is the whole process:

TODAY · 10 MINUTES

Send us the file

Apply online with the order or trust provision requiring bond, the trust’s assets and value, and the trustee’s details. The value of the trust drives the penal sum.

WITHIN 1 BUSINESS DAY

A surety specialist underwrites it

A specialist reviews the trust, the trustee’s credit and finances, and any collateral, then returns a quote. The amount is fixed by the court — underwriting decides approval and 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 administer the trust.

About this bond

What it is and who needs it.

What a trustee bond secures

A trustee holds and manages assets for the benefit of others under a trust. When the court or the trust instrument requires bonding, the trustee posts a bond before — or as a condition of — administering the trust.

The trustee bond guarantees faithful performance of the trustee’s duties: prudently investing, accounting, and distributing the trust assets as the trust and the law require. If the trustee breaches those duties, the bond protects the beneficiaries, and the surety looks to the trustee to repay it.

Because the surety stands behind the trust assets, the bond is underwritten on the trustee’s credit and finances, and a large trust can require collateral. We tell you what a given file needs before you commit.

Minnesota StatuteUnder Minn. Stat. § 501C.0702 of the Minnesota Trust Code, a trustee shall give bond to secure performance of the trustee’s duties only if the court finds 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. The court may specify the amount of the bond, its liabilities, and whether sureties are necessary, and may modify or terminate the bond at any time. A regulated financial-service institution qualified to do trust business in Minnesota need not give bond.

You need this bond if you’re

An individual trustee the court has found should be bonded to protect the beneficiaries
A trustee under a trust whose terms expressly require the trustee to give bond
A successor trustee stepping in where the trust or the court conditions service on a bond
Counsel for a trustee who needs the § 501C.0702 bond in place before administering the trust

The application takes about ten minutes.

These are the actual underwriting fields — the trust’s assets and value, the appointment, the trustee’s details, and financials. Submit once and a surety specialist reviews everything together and 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 Minnesota trustee bond? +
It is a bond securing a trustee’s faithful performance of duties. Under Minn. Stat. § 501C.0702, a trustee gives bond when the court finds it is needed to protect the beneficiaries or the trust instrument requires it. The bond guarantees the trustee will manage, account for, and distribute the trust assets as the trust and the law require.
How much does it cost? +
It is underwritten, not flat-rated. The court specifies the penal sum to the trust assets under § 501C.0702. A surety specialist reviews the trustee’s file and any collateral and returns a premium quote, usually within one business day.
Does a trustee always need a bond? +
No. Under Minn. Stat. § 501C.0702 a trustee gives bond only if the court finds one is needed to protect the beneficiaries or the trust requires it and the court hasn’t dispensed with it; a regulated trust company need not give bond at all. When a bond is required, we size, underwrite, and quote it.
Will I need to post collateral? +
Sometimes, especially for a large trust. Because the surety stands behind the trust assets, a large penal sum can require collateral such as cash, a letter of credit, or pledged assets, supported by financials. We tell you what your specific file requires before you commit.
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 is ready to file so you can administer the trust.
Related bonds

Other New York bonds.

Get bonded so you can administer the trust.

Send us the trust details and the amount the court set, 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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