QUESTION
How does a bond requirement fit into a trust arrangement?
Asked on Oct 29th, 2017 on Trusts and Estates - California
More details to this question:
My mom has a living trust. My brother is the trustee. He is being taken to court for a bond. He was told he should not have to pay for a bond because of the trust.
1 ANSWER
3 Awards
The trust should specify whether a bond is required. If the trust says no bond is required, your brother should not need one -- unless a beneficiary alleges wrong-doing and demands a bond. The bond is paid for by the trust, not by your brother.
Answered on Oct 30th, 2017 at 9:14 AM