Taking on fiduciary duties in California requires careful preparation and a clear understanding of your responsibilities. Whether you are a trustee, executor or corporate officer, you must act in the best interests of those you serve. Here is how to get ready for this...
Bay Area Estate And Tax Planning Law Firm
Fiduciaries
Understanding the fiduciary duty of loyalty in estate planning
The concept of fiduciary duty of loyalty plays a crucial role in estate planning. Whether you are creating an estate plan or a fiduciary in someone else's plan, understanding this principle is essential. Knowing what it means and what it entails may help you carry out...
What are valid reasons to remove an executor?
When drafting a will, appointing an executor can benefit surviving family members and heirs. An executor has a vital role in managing the decedent’s estate, paying off debts and distributing the assets based on what the will says. Most of the time, having someone...
What fiduciary duties does an executor have in California?
Estate planning is a helpful way for those in California to put plans in motion that will ensure their loved ones are cared for when they are gone. A properly established estate helps ensure you pay your debts while leaving behind assets to your beneficiaries....
What it means to be a fiduciary
A fiduciary is an individual legally bound to act in the best interests of another party, known as the principal. You probably already know that your California physician cannot disclose confidential information about your medical history without your permission....
Finally dispelled: the most common myths about fiduciaries
Californians use a variety of financial advisors in an effort to leverage their money and limit their liabilities. Resources range from online and print publications to accountants and estate planning attorneys. However, not all financial advisors are looking out for...
Understanding the concept of fiduciary duty in California
Fiduciary duty refers to the duty of one party to act in the best interests of another. The main fiduciary duty is the duty of care, which requires fiduciaries to exercise reasonable care and skill when making decisions on behalf of others. There are other fiduciary...
What does fiduciary duty mean in California?
Many California residents might not be familiar with the term “fiduciary duty,” but it may or may not apply to their everyday life. In short, fiduciary duty refers to the relationship between a fiduciary – such as an employer or lawyer – and the principal slash...