Asked in Estate Planning for Arkansas

Q: How long does the bond last in a trust?

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1 Lawyer Answer

Robert Fahr

Answered
  • Estate Planning Lawyer
  • Conway, AR
  • Licensed in Arkansas

A: Without more information it may not be possible to answer your question. If you are referring to a fiduciary bond that may be required of the Trustee to protect trust assets, that is typically renewed annually. If you are referring to a bond held in the trust, then it depends on the type of bond, and on the specific language of the trust itself. A trust can exist after the death of the grantor that created the trust. How long it lasts depends upon the specific language of the trust. This is a general answer and may not apply to your specific circumstances.

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