Our attorneys advise all manner of fiduciaries as they carry out their duties to act on behalf of others. For trustees, these responsibilities often include the investment, management and distribution of financial assets according to the specific instructions established by the trust’s creator. As the executor of an estate, you are required to gather the assets of the estate, pay the claims against the estate, and distribute the estate in accordance with the will. As a guardian, you have duties imposed by you by the court who appointed you to act on behalf of the ward whom you protect.
In all these capacities, you have duties to act prudently, to protect the assets for which you are responsible, to treat beneficiaries impartially and overall to exercise the utmost loyalty toward those to whom you owe these duties.
If you have been asked to serve as an executor, administrator, trustee or donee of a power of attorney, get the legal facts about your rights and responsibilities.