Personal Trust Trustee Consultation Services
As a trustee, you may not know all of fiduciary duties associated with these responsibilities. A trustee has a wide range of duties to the beneficiaries of a trust.
Duty of Loyalty |
Duty of Impartiality |
Duty to Inform |
Duty of Prudence |
Duty to Diversify |
Duty to Administer |
Duty of Care |
At Fiduciary Advisors, we can navigate you through your duties as a trustee to make sure you fulfill each of them.
- A trustee must diligently fulfill his duties successfully, but he must also document his decisions in a timely manner. This can be a challenging task particularly when it comes to proper investment decisions. We have the understanding of the fiduciary decision-making process to help protect you in case questions later arise.
- At times, a trustee has to make decisions on requests for discretionary distributions. These decisions can involve a complicated process to determine if the request should be approved. This could require that the trustee obtaining financial information before making that decision. Again, we have the experience and professionalism to guide a trustee through the process and ensure that his duties have been fulfilled.