Guidance With Fiduciary Duties in Colorado
Serving as a trustee, a personal representative or another individual with fiduciary duties is an important and sensitive role. Upholding the standard of care required of you for the beneficiaries you protect can be very complicated, and you can be held responsible for your actions. If you have any questions whatsoever regarding your duties as a fiduciary in Colorado, do not hesitate to seek counsel from Althaus Law.
What Do I Have To Do As A Fiduciary?
As a fiduciary assigned to administer a trust, execute a will or protect the interests of another in any way, you have very important duties and legal obligations that must be met. At Althaus Law, we can help you with all of your tasks and answer your questions, including:
- What do I do as a trustee of a trust?
- What do I do now that I am executor of an estate?
- What are my fiduciary duties to beneficiaries?
- What if the beneficiaries disagree with what I’m doing?
- How do I properly act as a guardian?
- What do I do with a power of attorney?
As a fiduciary in Colorado, some of your duties include the duty of loyalty, the duty of prudence, the duty of impartiality and the duty to account. There are other duties as well, and we can counsel you on the actions you should take depending on your unique situation.
Is My Trustee Acting Properly?
If you are a beneficiary with questions regarding how your fiduciary is acting, we can help as well. It is our goal to make sure everyone is on the same page, acting properly and that your interests are adequately protected. If a fiduciary is taking advantage of you as a beneficiary, you are entitled to relief. We can help.
Althaus Law Is Here For All Of Your Fiduciary Concerns
Based in the Thornton area, we help clients all over Colorado with their fiduciary roles. We can also help beneficiaries with their questions regarding their trust accounts and other managed assets. Contact us today to learn more and schedule your free initial consultation with our lawyer.