Veterans Administration Fiduciary Bond
AmeriPro Surety Bonds | 844-589-9732
Regardless of where you may live in the US, you may have been appointed as a Guardian or as an Administrator of a US veteran.
As a condition of your appointment, you are also required to obtain a surety bond. The bond will typically be in the amount that is equal to the value of the veteran’s estate; or, however, the court judges.
Qualifying and the Premium
For any Veterans administration fiduciary bond up to and including a $250,000 surety bond requirement, our agency offers this bond to you immediately.
What this means for you is that we offer it without the delay of an underwriter review. There is no credit check. What we’ll need will be the following:
- A copy of the Order appointing you as an Administrator or Guardian, along with the surety bond amount required;
- A completion of an application. We’ll be able to accept the application verbally from you over the phone. Your signature will not be needed;
- Payment of the premium.
Amounts Greater than $250,000
If your court-ordered requirement includes an amount greater than $250,000 surety bond, we will need the following:
- A copy of the Order appointing you as Administrator or Guardian, along with the surety bond amount required;
- A completed application. The application will need to be signed by you, and you will need a witness;
- Review of your application. This review includes a credit inquiry; good credit will be required in order to be able to be approved.
We’ll also need the address where you are to send your bond; however, this may be found in the documents you present to us.
Issuance of Your Surety Bond
Once your bond is approved and payment is received, our office will issue your bond immediately. We’ll send you your surety bond along with a Power of Attorney form. Upon receipt, you’ll sign it as Principal, filing it with the appropriate VA Office.
Premium Payment Options
The premium associated with a Veterans Administration surety bond is not a onetime payment, but rather renews on the anniversary of its issuance, for as long as the surety bond is required.
Options exist to prepay your surety bond up to 3 years, which saves you over annual renewals. However, bear in mind that should you no longer require a surety bond within that period, no refunds will be offered.
Purpose Of Your Surety Bond
As a Guardian or an Administrator of a veteran, you are acting in an important fiduciary capacity. The surety bond, is, therefore, for their protection.
The surety bond protects the veteran, or attorneys, heirs, and others from acts of malfeasance, misappropriation of funds, and other unlawful activities involved which may occur as fiduciary of a veteran’s property and estate.
AmeriPro Surety Bonds provides Veterans Administration surety bonds nationwide. Our agency is also a provider of probate surety bonds, including Guardian of Minors and Guardian of Incompetents surety bonds in all 50 states.
Please call our agency today at:
Or, you may fill out the form below and an agent will contact you.