Representation of Fiduciaries
A fiduciary is a person who has a legal relationship of trust with another, and has a strict legal duty to act in that person’s best interests. In Washington, a fiduciary may be a guardian, personal representative of an estate, trustee of a trust, or attorney in fact under a power of attorney.
Fiduciaries have many important responsibilities, which are often complex. Unfortunately, serving as a fiduciary can often evoke the old adage, “no good deed goes unpunished.” If you have agreed to act in a fiduciary capacity, our team at Three60 can help you understand your role and responsibilities and assist you in performing them in a way that will give you the sense of relief that comes from having an experienced team on your side.
Disclaimers: This material is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Use of and access to this material does not create an attorney-client relationship. The opinions expressed here are the opinions of the individual author and may not reflect the opinion of the firm or any other individual attorney. Any tax advice contained in this communication is not intended to be sided, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties.