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wlda

Fiduciary duties are the requirements and obligations of a fiduciary when acting on behalf of his/her/its principal and can, really, be anything that a fiduciary is supposed to do or should do to protect the principal, beneficiary or ward. Fiduciary duties include, but are not limited to, the duty of disclosure, the duty to account, the duty of good faith and fair dealing, the duty to avoid hostility, the duty to avoid bias, the duty to avoid self­dealing and the duty to always act in the best interests of the principal, beneficiary or ward.... Read entire entry »


wlda

An informal fiduciary relationship is created by a relationship of reliance where the principal is in a position of weakness, is infirm or is in need of assistance and must rely upon his or her agent to act in her best interest.... Read entire entry »

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