Understanding the importance of working with a fiduciary.  

  • Fiduciaries are responsible for acting in the best interest of the individuals they serve, and are entrusted with a high standard of care. 
  • A corporate fiduciary provides experience and objectivity needed to manage family trusts for the long term.
  • Establishing a trusted relationship with an experienced fiduciary is critical to helping you preserve and protect your wealth for generations to come.

The person to whom property or power is entrusted for the benefit of another is a fiduciary. A few examples of fiduciary roles include trustee of a trust, executor under a will, or guardian for an incapacitated person. The law imposed upon fiduciaries requires them to act in the best interest of the beneficiaries they serve. This duty imposes a high standard of care upon fiduciaries. Fiduciary duties are important due to the gap in knowledge and experience between professional advisors and non-expert consumers of these services.

Please see important disclosures at the end of the article.

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