Learn More about Fiduciary Duty in Irving
Reputable Counsel from an Irving Estate Planning Attorney
When you create an estate plan, you will want to name someone to the position of “fiduciary,” which is someone who has the power and obligation to act on behalf of another. This individual will have the ability and duty to execute your estate plan as close to your best wishes as possible. This should be an individual who you trust deeply, and is ideally someone who knows you on a deep level, thus allowing them to make decisions that you would wish.
To find out more about fiduciary duty and get assistance with creating your estate plan, turn to J. Roland Jeter, P.C. As a skilled Irving estate planning lawyer, Attorney Jeter has assisted numerous residents with preparing for their future through a thorough and specific estate plan. We can help you prepare for every part of your future, including medical directives, a last will and/or trust, and more. We can also help you select an ideal fiduciary and then work with them to execute your plan when the time comes.
Call J. Roland Jeter, P.C. today by dialing (972) 330-4050 and get a consultation!
Many Duties of a Fiduciary
When the probate process begins, your chosen fiduciary will be required and relied upon to execute your estate plan to the best of their ability. This includes making some potentially difficult decisions in regard to how to perform things such as distribute assets or even care for your remaining family in the event of an emergency.
A fiduciary has several duties, including:
- Duty of Loyalty: a fiduciary is required to act in a way that is in the best interests of the estate, even at the expense of possibly gaining in their own private interests
- Duty of Care: a fiduciary must make all decisions when they are well-informed
- Duty of Confidentiality: fiduciaries are required to keep all potentially-sensitive information regarding an estate, including that about beneficiaries, confidential and not disclose it for their own benefit
At J. Roland Jeter, P.C., we can help you select a fiduciary who will be ideal for your estate’s needs. We understand the importance of this decision, and therefore we strive to work with them on your estate plan, allowing you to trust that the future of your family and loved ones is in reliable, trustworthy hands.
Get assistance with your estate plan; contact J. Roland Jeter, P.C. today!