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Tag "Jill Scherff"

5 Examples of Self-Dealing Transactions that are Prohibited as a Result of Fiduciary Duty

    5 Examples of Self-Dealing Transactions that are Prohibited as a Result of Fiduciary Duty

While the fiduciary should be fairly compensated, the fiduciary is prohibited from engaging in activities that might increase that compensation to the detriment of the interests of the beneficiary. Such activities represent the definition of a self-dealing transactions. Here are some examples of self-dealing transactions that, if executed, will likely result in a fiduciary breach.

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Ongoing Debate: When (If Ever) Can a Fiduciary Legally Engage in Self-Dealing?

    Ongoing Debate: When (If Ever) Can a Fiduciary Legally Engage in Self-Dealing?

On the face of it, there appears to be little room for debate. Upon closer examination, however, the specifics of particular circumstances can muddle things up. Would you like to see what we mean by this? Here’s what you get when you ask the experts whether or not a fiduciary can ever legally engage in self-dealing.

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It’s Not the Professional Title, But This Written Document That Creates a Fiduciary Relationship

    It’s Not the Professional Title, But This Written Document That Creates a Fiduciary Relationship

Are LPOAs enough to end the confusion? Maybe not. But they do provide the legal basis for which one can substantiate the reality of a fiduciary relationship.

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