South Carolina trustee bonds.
We size, underwrite & quote it.

When the trust instrument or the court requires it, a trustee must provide a bond.
It secures the faithful performance of the trustee’s fiduciary duties.
The court sets the amount to protect the beneficiaries — and we underwrite it.
A surety specialist reviews your file and returns a quote, usually within one business day.

Required when the trust, a beneficiary’s reasonable request, or the court calls for it under SC Code § 62-7-702
Amount follows SC Code § 62-3-604 — sized by the court to protect the beneficiaries
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
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Built for the order requiring bond.

When a trust instrument requires bond, or a court orders a trustee to give one, that bond gates the trustee’s authority to act. Here is the whole process:

TODAY · 10 MINUTES

Send us the file

Apply online with the trust provision or order requiring the bond, the trust’s 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 file, a credit check, and any financials, then returns a quote. The amount follows § 62-3-604 — underwriting decides approval and any collateral on a large trust.

ON APPROVAL

Execute & file

Once you bind, we issue the executed bond on the required form with the power of attorney attached, ready to file so the trustee can act with full authority.

About this bond

What it is and who needs it.

When a trustee must be bonded

A trustee holds and manages trust property for the beneficiaries. South Carolina doesn’t bond every trustee — but when the trust instrument requires it, a beneficiary reasonably requests it, or the court directs a bond to protect beneficiaries who can’t protect themselves, a bond is required before the trustee can fully act.

The trustee bond secures the faithful performance of the trustee’s duties: investing prudently, accounting honestly, and distributing as the trust directs. If the trustee breaches those duties, the bond makes the beneficiaries whole and the surety looks to the trustee to repay it.

Because the surety stands behind the trust, the bond is underwritten on the trustee’s credit and finances, and a large trust can require collateral. The court fixes the amount and can reduce, release, or substitute it later.

South Carolina StatuteSC Code § 62-7-702 (South Carolina Trust Code) provides that a trustee shall provide bond to secure performance of the trustee’s duties only if the terms of the governing instrument require it, a beneficiary requests it and the court finds the request reasonable, or the court finds it necessary to protect the interests of beneficiaries who are not able to protect themselves and are not otherwise adequately represented; in no event is bond required if the governing instrument directs otherwise. The court may excuse the requirement, reduce the amount, release the surety, or permit substitution. If required, the bond is filed in the court for the trust’s principal place of administration in an amount and with sureties and liabilities consistent with SC Code § 62-3-604.

You need this bond if you’re

A trustee whose trust instrument requires a bond to secure performance of the trustee’s duties
A successor or substitute trustee stepping in where the trust requires bonding
A court-directed trustee ordered to give bond to protect beneficiaries who cannot protect themselves
Counsel or a beneficiary arranging the bond so the trustee can administer the trust with full authority

The application takes about ten minutes.

These are the actual underwriting fields — the trust provision or order, the trust’s value, the trustee, and your finances. 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 South Carolina trustee bond? +
It is the bond a trustee gives to secure the faithful performance of fiduciary duties. Under SC Code § 62-7-702 a trustee provides bond when the trust requires it, a beneficiary reasonably requests it, or the court finds it necessary to protect beneficiaries; the amount is set consistent with § 62-3-604 to protect the beneficiaries.
How much does it cost? +
It is underwritten, not flat-rated. The court fixes the penal sum, sized consistent with SC Code § 62-3-604 to protect the beneficiaries. A surety specialist then reviews the trustee’s credit and finances and any collateral and returns a premium quote, usually within one business day.
Do all South Carolina trustees need a bond? +
No. Under SC Code § 62-7-702 a bond is required only when the trust requires it, a beneficiary reasonably requests it, or the court finds it necessary — and never if the governing instrument directs otherwise. Where a bond is required, the court sets the amount, which it may later excuse, reduce, release, or allow to be substituted.
Will I need collateral? +
Sometimes, especially on a large trust. Because the surety guarantees the trustee’s performance, a high penal sum may require collateral and financials. We tell you what your specific file needs 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 issues on the required form, ready to file so the trustee can act with full authority.
Related bonds

Other New York bonds.

Get bonded and administer the trust.

Send us the trust provision or order and the trust’s value, 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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