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Fiduciary Bond

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Fiduciary Bond
A bond that the executor of an estate posts to ensure he/she performs his/her duties properly. Among these duties is preparing an inventory and disposing it according to the terms of the will of the deceased. The executor forfeits the bond if a probate court determines he/she has failed to live up to his/her duties. It is also called a probate bond.
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CNA has become the nation's largest provider of commercial surety bonds, particularly license and permit bonds, fiduciary bonds and public official and court bonds.
Surety with certainty: CNA's Western Surety Co. has been rated A or ... by Best's Review
These are costs incurred for: * Fiduciary accountings; * Judicial or quasi-judicial filings required as part of the administration of the estate or trust; * Fiduciary income tax and estate tax returns; * Division or distribution of income or corpus to or among beneficiaries; * Trust or will contest or construction; * Fiduciary bond premiums; and * Communications with beneficiaries regarding estate or trust matters.
Prop. regs. clarify treatment of trust administrative expenses by Nevius, Alistair M. / The Tax Adviser
With offices in Los Angeles, Garden Grove, San Diego and San Jose, Southern California Bonding Service provides a variety of fiduciary bonds to the California legal community, including probate, fiduciary and attachment bonds, preliminary injunction bonds and other court-related obligations.
Amwest to acquire Southern California Bonding Service Inc by Business Wire
 
 
 
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