Federal laws as well as many state privacy laws prohibit the unauthorized disclosure of someone's digital access information to third parties. This means you must be prepared to create a digital asset inventory and have a plan for how this will transfer on to your fiduciary. A fiduciary is a term that refers to many people who are responsible for various aspects of your estate. A fiduciary can include an agent under Read More
What Are The Consequences Of A Fiduciary Breach?
When you create a trust, the trustee is also known as a fiduciary. This means he or she has the legal responsibility to career out the terms in the trust and to do what is best for the beneficiaries. If this does not happen, those beneficiaries might be able to file a breach of fiduciary duty lawsuit. Naming any person as a fiduciary in your estate plan, such as a trustee is an important consideration. You should Read More
Common Will and Trust Provisions for Fiduciaries
When you create your will or a trust, you’ll be able to appoint who you choose in the most important role of fiduciary. For a will, this would be your executor or personal representative. For a trust, it would be your trustee. You can also discuss with your attorney the possibility of using specific terms within the respective document to give your agents additional authority. One of the great things about creating Read More
