Difference between revisions of "Four Key Duties of a Fiduciary"
Jump to navigation
Jump to search
Drew Jackson (talk | contribs) |
|||
| Line 17: | Line 17: | ||
==Duty 1. Act honestly, in good faith and in Martina’s best interest== | ==Duty 1. Act honestly, in good faith and in Martina’s best interest== | ||
Under [http://canlii.ca/t/849l the law], you have a duty to act honestly and in good faith. Because Martina has placed trust and confidence in you and has given over power to you, the law imposes a duty on you to honour that trust. | Under [http://canlii.ca/t/849l the law], you have a duty to act honestly and in good faith. Because Martina has placed trust and confidence in you and has given over power to you, the law imposes a duty on you to honour that trust. | ||
| Line 196: | Line 197: | ||
The [http://www.trustee.bc.ca Public Guardian and Trustee]’s office can also review your records to check up on you. If that happens, unless the power of attorney says you can’t share your records or Martina objects, you may want to let another family member or friend of Martina’s see the records as a precaution. | The [http://www.trustee.bc.ca Public Guardian and Trustee]’s office can also review your records to check up on you. If that happens, unless the power of attorney says you can’t share your records or Martina objects, you may want to let another family member or friend of Martina’s see the records as a precaution. | ||
{{Managing Someone Else's Money Navbox}} | {{Managing Someone Else's Money Navbox}} | ||