A Vermont Trustee's Bond is a type of surety bond required by the Vermont Secretary of State for individuals or businesses acting as trustees in the state. Trustees are those who are responsible for managing, preserving, and distributing the assets of another person, such as an estate, trust, or guardianship. The bond protects the beneficiaries of the trust from any financial loss due to the trustee’s negligence or dishonesty. There are two types of Vermont Trustee's Bonds: Court Bond and Probate Bond. The Court Bond is also known as a Fiduciary Bond. It is required of trustees appointed by the court and provides security for the performance of the trustee’s duties. The Probate Bond is required of trustees appointed by the probate court and provides security for the performance of the trustee’s duties in a probate proceeding.