Court Bonds

Set Up Trusts to Ensure Finances Are Used How You Would Like

07/15/2019

Setting up a last will and testament directs where and to whom your money goes, but it does not detail how exactly your assets are to be used overall. Estate executors may then determine what you would have liked your beneficiaries do with the money is where trusts come in.

By setting up a trust, a settlor can set up particular terms and conditions that need to be followed, for example, a beneficiary that is a minor will have financial upbringing that you would have given them if you were present. Trusts allow you to determine when and how beneficiaries receive their inheritances instead of just receiving a lump sum with no instruction. You can manage wealth and inheritances and what they’re able to be spent on.

All in all, a trust gives you as a settlor the most control over how your assets will be used and when. The trustee will be in charge of executing your vision and will need to purchase a trustee surety bond to ensure that they faithfully execute the trust according to the terms of said trust.

But where can you easily purchase an instant trustee surety bond?

Colonial Surety offers the direct and digital way to obtain trustee bonds. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your court bond instantly. The steps are easy — get a quote online, fill out your information, satisfy underwriting requirements, and enter your payment method. Print or e-file your bond from your office. It’s that simple!