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Difference between revisions of "Four Key Duties of a Fiduciary"
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Four Key Duties of a Fiduciary (view source)
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{{REVIEWEDPLS | reviewer = [[Kevin Smith]]|date= January 2018}}{{Managing Someone Else's Money TOC}}In the role of attorney under a power of attorney, you are a fiduciary. A fiduciary is someone who is in a position of trust toward another person. The law places duties on the fiduciary. When your friend Martina names you attorney under her enduring power of attorney, you must: | {{REVIEWEDPLS | reviewer = [[Kevin Smith]]|date= January 2018}}{{Managing Someone Else's Money TOC}}In the role of attorney under a power of attorney, you are a fiduciary. A fiduciary is someone who is in a position of trust toward another person. The law places duties on the fiduciary. | ||
When your friend Martina names you as her attorney under her enduring power of attorney, you must: | |||
# Act honestly, in good faith and in Martina's best interest. | # Act honestly, in good faith and in Martina's best interest. | ||
# Manage Martina's money and property carefully. | # Manage Martina's money and property carefully. | ||
