What is Fiduciary Duty?
The legal responsibility of an individual to act in the best interests of another party while maintaining good faith and acting responsibly in legal decisions and during the management of property and financial assets.
The legal obligation of an individual, such as an executor or trustee, to act in the best interests of another party, typically the beneficiaries of an estate or trust. This duty requires the fiduciary to manage assets prudently, avoid conflicts of interest, and provide full disclosure regarding financial matters. Breaches of fiduciary duty can lead to legal consequences, including lawsuits or removal from the fiduciary role, underscoring the importance of trustworthiness and integrity in these positions.
Overseeing Probate Administration?
RMO can guide you through the complexities of probate processes.
Serving clients across California and Texas
Related Articles
Insights and advice on trust and probate estate litigation from our blog.
- News
- 3 min read
Stephanie K. Delaney and Phillip J. Szachowicz Named San Diego Super Lawyers 2025 Rising Stars
- News
- 3 min read
Uzzell S. Branson IV Named 2025 San Diego Super Lawyer
- Will Contest
- 3 min read
Essential Evidence Needed to Successfully Contest a Will
Executive summary Introduction A will contest is a common practice during probate if there are concerns about the document or the estate plan. However, [...]
- Creditors
- 3 min read
Protecting Inherited Wealth from Creditors and Litigation
Executive summary Introduction For estates of high-net-worth individuals, protecting wealth for their heirs and successors is paramount. Some of the biggest threats to inherited [...]
- Probate Litigation
- 3 min read
Tax Implications in High-Value Probate & Trust Litigation
Executive summary Tax implications in high-value probate If you are an interested party in a high-value estate, then it’s important that you understand the [...]
- Inheritance Disputes
- 3 min read
What Is a Child Entitled to When a Parent Dies With a Will
Executive summary Introduction Upon the death of a parent, children face an extremely difficult time having to grieve the loss of a parent but [...]
- Trust Litigation
- 3 min read
How Recent Legal Changes Affect High-Value Estate and Trust Litigation
Executive Summary Introduction Estate and trust litigation involves issues such as disputes surrounding trust distributions, contests concerning the validity of a trust, or concerns [...]
- Probate Litigation
- 3 min read
Understanding the Probate Process: A Step-by-Step Guide for High-Net-Worth Individuals
Executive summary Introduction Probate is the process of managing, administrating, and distributing the assets of an estate, either with or without a will. It [...]
- News
- 3 min read
Meghan M. Glaspy Elected Board Member of OC SPCA
- News
- 3 min read
AB-2016: California’s New Small Estate Law Explained
AB-2016: California’s New Small Estate Law Explained Executive summary Introduction California passed Assembly Bill 2016 (AB-2016) in September 2024 to take effect in April [...]
- Probate Litigation
- 3 min read
Understanding the Statute of Limitations in Probate Litigation
Executive summary Introduction Understanding the statute of limitations in probate litigation is critical for ensuring that you are able to protect your inheritance rights [...]
- Uncategorized
- 3 min read
How to Find Out If Someone Has a Will: A Step-by-Step Guide
Executive summary Introduction A will is an important piece of the estate administration process—without one, assets may be distributed to a deceased person’s successors [...]