Four Key Duties of a Fiduciary: Difference between revisions
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{{REVIEWEDPLS | reviewer = [[Kevin Smith]]|date= January 2018}}{{Managing Someone Else's Money TOC}}When you are appointed as an 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. | {{REVIEWEDPLS | reviewer = [[Kevin Smith]]|date= January 2018}}{{Managing Someone Else's Money TOC}}When you are appointed as an 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 | When your friend Martina names you as her attorney under an 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. | ||