I was asked to be a fiduciary for a friend. What is involved with this?

Admond Fong
Admond Fong
Senior Specialist

This is an obligation to act in the best interest of another person.  Typically, a fiduciary takes care of money or other assets for another person.  When you serve as trustee or executor you owe the beneficiaries “fiduciary duties” of loyalty, reasonable care and prudence, to name a few.  

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