Adult-Children as Fiduciaries: A Word of Caution
Posted by sellsadmin
Simply, a fiduciary is a trusted person, who has a responsibility to act on your behalf and in your best interest. Carefully choosing a fiduciary is one of the most important decisions when it comes to estate planning. Estate plans typically nominate several fiduciaries, such as personal representatives, trustees, powers of attorney, guardians, and conservators. Clients with adult children often name these adult children as their fiduciaries because they feel like this is the most fair...