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New York
Trustee Bond

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Coverage Amount: $1,000 - $100,000
Term Length: 1 year
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New York Trustee Bond Guide

If you’re becoming an estate trustee in New York, you may need this surety bond. 

Bond Overview

  • Purpose: To protect estate heirs and beneficiaries
  • Who Needs It: Some trustees in New York 
  • Regulating Body: The Surrogate County Court requiring the bond
  • Required Coverage: Based on value of assets being handled
  • Premium Rate: A small percentage of the coverage amount

Learn all about the bond requirements and process in this guide.

What Is a New York Trustee Bond?

A New York trustee bond ensures the proper management and distribution of estate assets. It protects heirs and beneficiaries when estate funds are placed in trustee care. 

Some New York surrogate county courts will require this type of bond for estate trustees. The court will determine the exact required bond coverage.

How Much Do Trustee Bonds Cost?

New York trustee bonds cost a small percentage of the required coverage amount. Exact rates vary based on personal credit score. 

Apply for your free quote now!

Bond Type
$1,000-$100,000Trustee Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a New York trustee bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll mail you the bond via your preferred shipping method. Be sure to file it with the court as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a New York Trustee Bond Work? 

A trustee bond creates a legal contract between these three parties: 

  1. Principal: You, the trustee filing the bond
  2. Obligee: The county court requiring the bond requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for fulfilling all court-ordered responsibilities and managing assets or funds honestly. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

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