A fiduciary is a person acting officially as an agent in a relationship of trust who has the responsibility of acting on behalf of the beneficiary within the established fiduciary purpose.
In estate planning, fiduciaries also include an agent under a power of attorney, an executor, and a guardian. When you have established the fiduciary relationship, the fiduciary is a responsible for carrying out your instructions and acting in the best interests of you and your named beneficiaries.
We at Wilson & Wilson Estate Planning & Elder Law LLC act as a fiduciary for many of our client's trusts. Start the conversation with us, please call (708) 482-7090.