The Business Doctor

Edgar's picture

By Dr. Raymond Youngblood Jr.

What In The Heck Is A Fiduciary Somebody wants to make you a Fiduciary, what in the heck is a fiduciary. We country folks know it as a Power of Attorney. You can hear your cousin em' bragging, "We mommy's power of attorney." Fiduciary merely means someone known as the “Principal” has/is giving you LEGAL AUTHORITY to decide on their asset (cash in any form, property in any kind). That fiduciary responsibility can be limited to a certain amount or specific things. It can cover all things and everything belonging to the Principal. Once you are the Fiduciary, you are the manager to care for the Principal.

 

To read more please log in or subscribe to the digital edition. http://etypeservices.com/Mansfield%20EnterpriseID391/

Rate this article: 
No votes yet