The Role of a Fiduciary Agent
When you are asked to act as a fiduciary agent, you may feel honored. You might discover that this is a challenging role to play. If you have been requested to play this role, you are viewed as:
* Trustworthy
* Honest
* Responsible
The person who has asked you to play this role has assigned you with a set of responsibilities. The role of a fiduciary agent is responsible for the following:
* The disposition of assets
* The settling of debts
* The settling of taxes
* Ensuring that heirs receive their inheritance
* Cancelling bank accounts and other financial details
These are the items that will need to be taken care of upon the death of the person who has requested that you play this role.
Will You Need a Fiduciary Attorney?
There is assistance available with a Palm Springs litigation attorney. The role of an agent is a tough role. There is a chance that you may even get sued as you do your job. This has occurred in the past. If you are threatened with a lawsuit as you abide by the wishes of the deceased person and there is a lawsuit that is directed at you, you will know that it is time to obtain a fiduciary attorney to assist you.
A Lawyer Will Look After Your Best Interests
You might be surprised to discover that lawsuits are common within estate law. Issues can become exaggerated when it comes to the management of assets. A good lawyer will look after your best interests while an estate is in the process of being settled. This can be done in a court of law or settled out of court.
