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Read about the duties of a fiduciary in Texas
Published by Robert A. Ray
Duties of a Fiduciary in Texas
- Ensure that all transaction are fair and equitable to the beneficiary.
- Make reasonable use of any confidence the beneficiary places in him.
- Act in the utmost good faith and exercise the most scrupulous honesty toward the beneficiary.
- Place the interest of the beneficiary before his own and not use his position to benefit himself at the expense of the beneficiary.
- 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.
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