When does a fiduciary bond typically expire?

A fiduciary bond is designed to protect the interests of parties involved in a fiduciary relationship, such as an executor of an estate or a trustee. The bond ensures that the fiduciary adheres to their legal obligations and acts in the best interest of those they represent.

The typical expiration of a fiduciary bond occurs when the fiduciary duties are completed. This is because the bond is specifically tied to the fiduciary’s responsibilities, and once those duties—such as managing an estate or trust—are fully performed, there is no longer a need for the bond to remain in force.

While options like receiving final court approval or settling an estate might seem relevant, they do not encompass the broader aspect of completing all fiduciary duties, which is the key reason for the bond’s existence. Therefore, the completion of fiduciary duties is the definitive point at which the bond would expire, aligning with the responsibilities and obligations that the bond is meant to secure.