I paid for this bond last year; why am I being billed again?

Most (court) bonds have a yearly renewal premium and will continue to renew until there is a Final Discharge. This ensures continuous financial protection for the beneficiaries and creditors of the estate or trust as long as you serve in your fiduciary role. Most court bonds have a yearly renewal premium and will continue to renew until there is a Final Discharge. This ensures continuous financial protection for the beneficiaries and creditors of the estate or trust as long as you serve in your fiduciary role. The annual renewal is necessary because the bond serves as a guarantee that you will manage the estate or trust according to the law and the terms set by the court. Without this continuous coverage, there would be no financial safeguard in place to protect against any potential mismanagement or unforeseen issues that could arise during your administration. Therefore, to maintain this essential protection, the bond must be renewed each year until your responsibilities are officially concluded by the court.