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Read about the duties of a fiduciary in Texas

Published by Robert A. Ray

Contesting a will in Texas
– Robert Ray

Duties of a Fiduciary in Texas

  1. Ensure that all transaction are fair and equitable to the beneficiary.
  2. Make reasonable use of any confidence the beneficiary places in him.
  3. Act in the utmost good faith and exercise the most scrupulous honesty toward the beneficiary.
  4. Place the interest of the beneficiary before his own and not use his position to benefit himself at the expense of the beneficiary.
  5. Fully and fairly disclose important information to the beneficiary.

What is a fiduciary

A fiduciary is a person who has control over another’s (beneficiary’s) money or property. Examples are a trustee, an executor, an administrator, a holder of a power of attorney, a spouse or anyone in whom trust and confidence is placed. You can read this page to learn more.

Who is a Fiduciary?

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What is a fiduciary in Texas

Basically, a fiduciary is someone on whom the law imposes the highest duty to act on behalf of another like an executor, administrator or trustee. Fiduciary relationships can be formal such as partners, agents, executors, administrators, trustees, a holder of a power...

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Robert Ray is Board Certified

Robert Ray is the Editor and owner of this site. Board Certified, Personal Injury Trial Law — Texas Board of Legal Specialization. We handle cases throughout Texas. Our principal office is in Lantana, Texas (DFW area).
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Contesting a will in Texas

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