A comprehensive estate plan does more than direct who receives your property. It also sets out how your affairs will be managed during your lifetime and names the people who will act for you if you cannot act for yourself. Many of these decision-makers, such as trustees, personal representatives, and agents under...
Category: Fiduciary
Picking a Trustee, Executor, and Agent under a Power of Attorney
While the term fiduciary is a legal term with a rich history, it generally means someone who is legally obligated to act in another person’s best interest. Trustees, executors, and agents are examples of fiduciaries. When you select people to fill these roles in your estate plan, you are picking one or...