Fiduciary, Estate, Guardianship, and Trustee Services

Fiduciary: A fiduciary is a person or organization that has a legal and ethical obligation to act in the best interest of another person or entity. Fiduciaries play an essential role in estate planning as trusted partners who manage financial and legal affairs with loyalty, discretion, and impartiality. Common fiduciary roles include: Personal Representative/Executor – A fiduciary can be appointed as the personal representative of a will. Trustee – Often a trust is established as part of an estate plan. A fiduciary can serve as the trustee of the trust. Durable Power of Attorney/DPOA – A fiduciary can be designated as agent under durable power of attorney to manage financial affairs in the event of illness, cognitive decline, or incapacity. Engaging a Fiduciary ensures that the individual’s intentions and wishes are honored.
(Contributed by Profiducia)