What is a fiduciary? скачать в хорошем качестве

What is a fiduciary?

Executor, trustee, agent under financial power of attorney, health care agent are all fiduciaries. This is a position of trust. A fiduciary relationship is important to understand if you are going to serve. If you violate your fiduciary duties you can face personal liability. As a fiduciary you owe the beneficiaries a duty of impartiality. You cannot favor one beneficiary over another. You must act in good faith and with fair dealing. You cannot transact business with a trust that you are trustee of? You owe beneficiaries a duty of loyalty. You also awe a duty of care. This means you have to act in the same way that a person with the appropriate level of skill would act, and a person who is reasonable and prudent. For more information on estate planning, including additional videos, articles and more, check out www.shenkmaneducation.com. The information presented is for educational purposes only. The video does not constitute advertising, solicitation, legal, tax, or other professional advice. The information is not represented to be correct, complete, or up to date. Tax, property and other laws change frequently and the content on this channel is not updated to reflect that. Older content may still have some educational value even if portions of it are not current.