Understanding The Responsibilities Of A Fiduciary
Personal representatives, trustees, guardians and conservators are all considered fiduciaries under estate laws. As such, each has a range of important responsibilities when it comes to protecting estate assets or protecting the best interests of beneficiaries and wards.
Individuals who serve in these trusted positions must adhere to the following duties:
- Protect the assets of the estate
- Act impartially to the beneficiaries
- Be loyal to any wards
- Avoid conflicts of interest
- Do not use funds for personal use
- Keep accurate and up-to-date financial accountings
- Do not neglect duties, but perform them in a timely and proper manner
When a fiduciary does not act in accordance with his or her legal obligations, estates, property and people may be significantly harmed. Many times, a clear violation has occurred. In other cases, the complexities of the matter are not as straightforward. But regardless of the specific details of the allegation, both parties need to secure skilled legal counsel in order to find resolution.
Representing Plaintiffs And Defendants In Fiduciary Litigation
At Korshak & Associates, P.A., we represent plaintiffs and defendants in breach of fiduciary duty claims. Our experienced lawyers have more than 45 years of combined legal practice. We have established a reputation for our deep commitment to each individual matter. Time and time again past clients return when additional legal matters arise and routinely refer others to our firm.
Our Orlando breach of fiduciary duty lawyers have spent years working on complex estate matters and have an in-depth understanding of fiduciary obligations and laws. Whether representing the fiduciary or beneficiaries/wards in these cases, we use our superior negotiating skills to help obtain resolution outside of court. When necessary, we can bring or defend against a petition for the removal of a fiduciary. Regardless of the route your case takes, we will use all available resources to secure an efficient and favorable outcome for you.
Contact Our Breach Of Fiduciary Duty Florida Lawyers
With offices in Casselberry and Orlando, we represent clients throughout central Florida in a range of estate and trust matters. To speak with an attorney at Korshak & Associates, P.A., call 407-917-6786 or toll free at 800-587-2470. You may also contact us by email.