Estate Planning Attorney in Phoenix, Arizona

What are the duties of a fiduciary such as a trustee or personal representative?

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so a fiduciary can be a trustee a

personal

representative uh under a will or or an

agent under a power of attorney and all

of those uh people uh fit under the

broad umbrella of fiduciary who has uh

statutory obligations of

loyalty competence and fairness and when

you think think about that at its

totality uh you begin to see how we

build towards who makes a good fiduciary

for you the biggest problem that we find

uh in choosing a fiduciary quite frankly

is a fiduciary is often one of many

beneficiaries and they have a natural

conflict most clients come to me

thinking they know who that would be uh

they’re often wrong and we try to spend

enough time to identify by what a

fiduciary is and how to make it work and

most importantly of course is to talk

about the cost of of of a fiduciary but

but the main three things loyalty

competence fairness if your chosen

fiduciary meets those three uh standards

uh you’ll have a good fiduciary uh to

handle your affairs

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Phoenix, AZ estates & probate attorney Mark Bregman talks about the duties of a fiduciary such as a trustee or personal representative.