Whether you are the personal representative of an estate, the trustee of a trust, an attorney-in-fact under a power of attorney, or the guardian of someone’s property, you have fiduciary duty, and with that duty accompanying potential liability. Among other responsibilities, you have the duty to account and keep accurate records. If improperly done or ignored, these accounting responsibilities have a tendency to “creep up” on the uninformed or ill-prepared fiduciary very quickly, leading to potentially disastrous outcomes. Avoid getting caught in the middle of this easily avoidable entanglement. Be a good actor – prior to accepting any position or appointment involving fiduciary responsibility, seek advice and counsel, and set up systems to avoid failure. By doing this, you will be writing your own script where a happy ending is certain to occur.
- Why Do Estate Plans Fail and Not Work as Intended? The Answer Lies Below …
- “Your Home, Your Deed, Your Legacy – Ensuring Stability in Baltimore City through Legal Services” co-authored by Olivia Holcombe
- Elville and Associates’ Principal Stephen R. Elville Partners with University of Maryland Autism Research Consortium for Nationwide Webinar Series and Panel Discussion
- The Future of Pro Bono in Maryland
- Elville and Associates Partners with Maryland ABLE to Offer Special Needs Planning Workshop to Harbour School at Annapolis Parents
- Lindsay V.R. Moss, Esq., Becomes Partner at Elville and Associates, P.C.
- A Guide for Making Room for Grief in Work & Life
- How One Thing Might Lead to Another
- How Will My Agent Know Where My Property Is – and How to Access It? The Maryland Fiduciary Access to Digital Assets Act, Digital Storage Options, Safe Deposit Boxes, and Good Old Fashioned Record-Keeping
- The Movement to Improve End-of-Life Health Care Planning