There may come a time when you need to appoint a guardian or conservator. If something happens to you or your spouse, you may need someone to take care of your children and make legal decisions on their behalf. Likewise, an elderly family member could become unable to...
Fiduciary
The duty of a fiduciary: managing the assets of another
Most Arizona residents assume that they will be able to manage their assets until they die. Unfortunately, life is filled with unpleasant surprises, such as a serious illness, a traffic accident, or a crippling injury. Any of these events can deprive a person of the...
Fiduciary services available to protect your loved ones
Many people, including older adults and adults with disabilities, may require assistance when it comes to managing their personal affairs. A fiduciary can provide such assistance by acting on behalf of another person, with the person’s best interests in mind. There...
Fiduciary duty in probate administration
Losing a loved one is never easy. The emotional toll can be significant, and merely trying to figure out how to handle his or her estate can be enormously stressful, especially if you’ve been named the estate’s executor or you have concerns about how another...
Breach of the fiduciary duty and how to spot it
Sorting out an estate after an individual’s passing isn’t always as easy as it seems. Sure, if the individual left a detailed estate plan then the instructions for disbursement of estate assets should be pretty clear. But these matters are handled by estate executors...
What is a fiduciary and why might you need one?
Those who are going through the estate planning process in the Tucson area may have heard the term “fiduciary”. A fiduciary can be an important member of the estate planning team. But a person may wonder what a fiduciary is and what do they do? Fiduciary A fiduciary...
Understanding the role of a fiduciary in estate planning
Virtually every estate plan in Arizona makes some use of a fiduciary. Some plans rely more heavily on such persons, but at the very least, every will admitted to probate requires a trustworthy person to gather assets and ensure that the decedent’s testamentary...
Fiduciary obligations and standard of care
It may come as a surprise to Tucson residents that all financial advisors are not legally required to act in their client’s best interests. This means that many people put themselves at risk when they take biased and perhaps costly advice from an advisor who is under...
The role of public fiduciaries in Arizona’s probate system
Many estate planning devices used by Tucson residents to manage and distribute their assets after they die or if they become incompetent to perform those roles make use of a person who acts as a “fiduciary.” A fiduciary in this context is a person who has demonstrated...