Veteran Affairs Bond
What is a Veteran Affairs Bond?
A Veteran Affairs Bond is a type of Court & Fiduciary bond that protects veterans and other beneficiaries who seek assistance in managing their financial affairs from the improper handling of funds.
Protects the veteran and beneficiaries from financial loss due to mismanagement or misuse of assets by the custodian.
Required by the Department of Veterans Affairs to ensure responsible management of a veteran’s assets.
Bonds up to $75,000 are written freely.
Bonds $75,000 to $200,000 require a signed application, clean credit, and personal + corporate indemnity. In some cases, personal or corporate financials will be required.
Bonds $200,000 or more will also require personal and corporate financial statements.
Usually 1% of the bond amount per year for applicants with good credit. Discounts are available for multiple years paid up front, up to 20 years.
