When establishing a trust one of the issues that must be dealt with is a trustee surety bond. Having a surety bond in place is always recommended as a safeguard to ensure that the trust is handled appropriately and follows the wishes of the person/business setting up the trust in the first place. What Point […]

Bank of American agreed to pay $187.5M to settle charges in California claiming the bank mishandled bond payments and retained bondholder payments from 1978 to 1995 that should have been returned. California Trustee bond played a role in that decision in that they are surety bonds protecting the trust from any losses sustained by the […]