During the planning process we routinely choose our fiduciaries – those persons who will be our trusted agents, personal representatives, guardians, and trustees. But will these people really serve as such when the time comes? Are they willing to take on this responsibility, not only initially, but for as long as circumstances may require? This should not a secondary consideration. Why? Because our chosen fiduciaries serve voluntarily – they do not have to serve if they choose not to at any given time – they can refuse to serve or resign. Therefore, careful consideration should be given not only to choice of fiduciary, but also to the circumstances and responsibilities the trusted person will likely be dealing with later. Through careful planning, measures and precautions can be taken to minimize the possibility of “fiduciary choice failure”, and to effectively deal with it should it actually occur.
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- 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
- Fly, Rattle, and Roll