South Carolina Fiduciary Bond

State:
South Carolina
Control #:
SC-SKU-1000
Format:
PDF
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Description

Fiduciary Bond A South Carolina Fiduciary Bond is a type of bond required by the state of South Carolina to provide financial protection to those who are working as guardians, trustees, executors, and other fiduciaries. These bonds ensure that fiduciaries will act in accordance with the laws of the state and protect the assets of the clients under their charge. There are three types of South Carolina Fiduciary Bonds: Probate Bond, Executor Bond, and Trustee Bond. A Probate Bond is required when a person is appointed a personal representative (executor or administrator) of a deceased person's estate. An Executor Bond is required when an executor is appointed to manage a deceased person's estate. And a Trustee Bond is required when a trustee is appointed to manage a trust.

A South Carolina Fiduciary Bond is a type of bond required by the state of South Carolina to provide financial protection to those who are working as guardians, trustees, executors, and other fiduciaries. These bonds ensure that fiduciaries will act in accordance with the laws of the state and protect the assets of the clients under their charge. There are three types of South Carolina Fiduciary Bonds: Probate Bond, Executor Bond, and Trustee Bond. A Probate Bond is required when a person is appointed a personal representative (executor or administrator) of a deceased person's estate. An Executor Bond is required when an executor is appointed to manage a deceased person's estate. And a Trustee Bond is required when a trustee is appointed to manage a trust.

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South Carolina Fiduciary Bond