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Difference between revisions of "Four Key Duties of a Fiduciary"
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Four Key Duties of a Fiduciary (view source)
Revision as of 06:37, 14 December 2017
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===List Martina’s money, property and debts=== | ===List Martina’s money, property and debts=== | ||
To make careful decisions, you need to know what Martina owns and owes. Under [http://canlii.ca/t/8p5w the law], you must make a reasonable effort to determine Martina's property (what she owns) and liabilities (what she owes) as of the date when you start to act on her behalf. You also must maintain a list of that property and those liabilities. | To make careful decisions, you need to know what Martina owns and owes. Under [http://canlii.ca/t/8p5w the law], you must make a reasonable effort to determine Martina's property (what she owns) and liabilities (what she owes) as of the date when you start to act on her behalf. You also must maintain a list of that property and those liabilities. | ||
[[File:Managing Money for Someone Else-Contents-2.jpg|thumb|275px|right| link=| <span style="font-size:50%;">Image via www.istockphoto.com</span>]] | |||
Your list might include: | Your list might include: | ||
* chequing and savings accounts | * chequing and savings accounts | ||
