When hiring a fiduciary, such as an attorney or property manager, it is standard to ask for one. However, the decision to require a fiduciary bond is up to you and should be based on your finances and circumstances. Although there are benefits to having one in place, they do tend to increase costs and can vary depending on your specific situation. For this reason, many choose not to have a bond in place and instead save the money that would have been spent on one.