Veteran Affairs Custodian Surety Bonds

Veteran Affairs Custodian Surety Bonds

A surety bond is frequently needed to protect the estate of the beneficiary against mismanagement or abuse by the fiduciary. When VA requires a surety bond from a prospective fiduciary, that fiduciary may not be certified until acceptable evidence of that bond is received.

Generally, the amount of the bond must be adequate to cover VA assets remaining in the estate of the beneficiary plus the anticipated annual income from the Department of Veterans Affairs (VA) benefits.