Fiduciary Duty

Fiduciary Duty – Best Practices

Fiduciary Duty - Best Practices If you are serving as a fiduciary, then you need to follow some basic “best practices.”  What follows are the initial steps that you should consider taking, and then overall guidelines. First, understand your role. The most common types of fiduciary roles have a writing (a trust, a will, a court order, a power of attorney) and an applicable statute.  Read them.   Second, know your beneficiaries.  These...