A Guide to Fiduciary Selection
Gerry W. Beyer
Texas Tech University School of Law
July 1, 2014
Estate Planning Developments for Texas Professionals, July 2014
Abstract:
Your clients must exercise great care in selecting fiduciaries such as executors, trustees, and agents. These decisions may affect the client and the client’s family members for many years. Decisions regarding the appropriate persons to select are, naturally, for your clients to make. However, you have a duty to explain to your clients the factors they should consider before making designations in wills, trusts and powers of attorney. This article focuses on these considerations.
The article begins with a discussion of legal criteria based on the law of Texas.
The remainder of the article has general application and discusses the factors from a practical standpoint which a client should consider as well as the pros and cons of using a corporate fiduciary and of appointing co-fiduciaries.
The article begins with a discussion of legal criteria based on the law of Texas.
The remainder of the article has general application and discusses the factors from a practical standpoint which a client should consider as well as the pros and cons of using a corporate fiduciary and of appointing co-fiduciaries.
Number of Pages in PDF File: 4
Keywords: fiduciary, executor, trustee, agent, estate planning, Texas, probate
JEL Classification: K11
Accepted Paper SeriesDate posted: July 30, 2014
Suggested Citation
Contact Information
Gerry W. Beyer (Contact Author) Texas Tech University School of Law ( email ) 1802 Hartford HOME PAGE: http://www.ProfessorBeyer.comLubbock, TX 79409 United States 806-742-3990 (Phone) 978-285-7941 (Fax) |
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