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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 01:20, 22 March 2018
, 01:20, 22 March 2018→Don't pay yourself unless the power of attorney allows it
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Even if you are not paid for your time, you are entitled to be paid back for any reasonable out-of-pocket expenses. For example, let’s say you use your own funds to buy a journal or chequebook to be used for Martina’s benefit. | Even if you are not paid for your time, you are entitled to be paid back for any reasonable out-of-pocket expenses. For example, let’s say you use your own funds to buy a journal or chequebook to be used for Martina’s benefit. | ||
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| text = Be mindful of how reimbursing yourself for driving expenses might impact your car insurance. If an attorney uses their car for duties on behalf of the adult, and they reimburse themselves for mileage, this may put them in a different [http://www.icbc.com/autoplan/costs/Pages/Whats-a-rate-class.aspx "rate class"] for insurance purposes. | |||
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==Duty 2. Manage Martina's money and property carefully== | ==Duty 2. Manage Martina's money and property carefully== | ||
