Legal Question in Wills and Trusts in Texas
When a Trustee for a minor's Trust Fund is appointed by the court and asked to post a bond what does this really mean? Where does the money come from and what happens to it? Thank you.
Asked on 4/23/10, 1:37 pm
1 Answer from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
A bond is an insurance policy in case of mis-management or theft. The money is gone once it is purchased, but the assurance remains. As for cost, you'll have to ask the judge who is to pay for it.
Answered on 4/28/10, 1:55 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
