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

Serve as a trustee where the court or the trust requires you to be bonded.
The bond guarantees faithful performance of your fiduciary duties to the beneficiaries.
The court sets the amount — and we underwrite it.
A surety specialist reviews your file and returns a quote, usually within one business day.

Trustee’s bond fixed by the circuit court under SDCL 21-22-10 in a court-administered trust
Court may require a bond even if the trust instrument waives it, under SDCL 21-22-11
Underwritten on your file; collateral may apply to a large penal sum
Underwrittencourt sets the amountA-ratedA.M. Best carriers1 business daytypical specialist reply
Trusted by industry leaders
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NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Built for the trust administration.

When a South Dakota trust is administered through the circuit court, the court fixes the trustee’s bond and can require one despite the trust’s terms. Here is the whole process:

TODAY · 10 MINUTES

Send us the file

Apply online with the value of the trust estate, the court order or trust provision requiring a bond, and the court. We size the bond to the amount the court has set or is likely to set.

WITHIN 1 BUSINESS DAY

A surety specialist underwrites it

A specialist reviews the file, your financials, and any collateral, then returns a quote. A large trustee bond is typically collateralized — cash, a letter of credit, or pledged assets.

ON APPROVAL

Execute & file

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

About this bond

What it is and who needs it.

What a trustee bond actually does

A trustee bond guarantees that a trustee will administer the trust honestly and in the beneficiaries’ interest. When the trust instrument calls for a bond, or a South Dakota court orders one, the trustee must be bonded before — or shortly after — taking office.

If the trustee breaches the trust — self-dealing, mismanaging assets, or failing to account — the surety answers for the loss to the beneficiaries up to the penal sum the court sets. That is why the amount tracks the trust estate rather than a flat figure.

Because the surety stands behind the trustee’s handling of the assets, a large bond is usually collateralized and supported by financials. We tell you what a given trust needs before you commit.

South Dakota StatuteSDCL 21-22-10 provides that in a trust administered through the circuit court, the court fixes the terms of the trustee’s bond — its amount and conditions, the sureties, and the time of filing — and may require a new bond. SDCL 21-22-11 authorizes the court to require a bond, or a bond in a larger amount, even where the trust instrument exempts the trustee from furnishing a bond or limits its amount, when the court concludes a bond is necessary. Court administration of trust estates is governed by SDCL Chapter 21-22.

You need this bond if you’re

A trustee of a trust whose instrument requires the trustee to furnish a bond
Administering a trust through the circuit court, where the court fixes the bond under SDCL 21-22-10
A successor trustee the court orders bonded to protect the beneficiaries
Counsel for a trustee arranging the faithful-performance bond the court or trust requires

The application takes about ten minutes.

These are the actual underwriting fields — the trust estate, your role, your business, and your 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 South Dakota trustee bond? +
It is a bond guaranteeing that a trustee will faithfully perform the duties of the office. In a court-administered trust the circuit court fixes the trustee’s bond under SDCL 21-22-10, and under SDCL 21-22-11 the court can require one even where the trust instrument waives it. It protects the beneficiaries from a trustee’s default.
How much does it cost? +
It is underwritten, not flat-rated. The court fixes the penal sum, sized to the trust estate. A surety specialist reviews the file and any collateral and returns a premium quote, usually within one business day.
I thought the trust waived bond. Can the court still require one? +
Yes. SDCL 21-22-11 lets the court require a bond, or a larger bond, even where the trust instrument exempts the trustee from bond or caps the amount, if the court concludes a bond is necessary to protect the beneficiaries. We size the bond to the court’s order and underwrite it.
Will I need to post collateral? +
Sometimes, for a large trust estate. Because the surety guarantees the trustee’s handling of the assets, the bond can be collateralized with cash, a letter of credit, or pledged assets, and supported by financials. We tell you what your trust 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 issues on the court’s form, ready to file so you can serve as trustee.
Related bonds

Other New York bonds.

Get bonded to serve as trustee.

Send us the trust estate 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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