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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 20:54, 19 March 2018
, 20:54, 19 March 2018→Don’t give or loan Martina’s money to yourself or others
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Be very careful when it comes to giving Martina’s money—or even loaning it—to yourself or others. | Be very careful when it comes to giving Martina’s money—or even loaning it—to yourself or others. | ||
You can make a gift or loan from Martina’s property if the | You can make a gift or loan from Martina’s property if the power of attorney says you can. Still, be very cautious. For example, make sure that any gifts do not increase or complicate Martina’s taxes or change her plans to give away her property when she dies. | ||
Any gifts or loans should be in line with what Martina would have wanted. For example, Martina may have made some regular gifts or loans, such as to a preferred charity. You can continue this, as long as '''both''' of these conditions are met: | Any gifts or loans should be in line with what Martina would have wanted. For example, Martina may have made some regular gifts or loans, such as to a preferred charity. You can continue this, as long as '''both''' of these conditions are met: | ||