Frequently Asked Questions: Being a Fiduciary

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Contact Charles Triay today at 888-594-9733.

If you’ve been appointed to be a fiduciary of a will or trust, there’s a chance you feel lost and overwhelmed. You’re not alone! Many fiduciaries are entrusted with important accounting measures, and if this is your first foray into estate planning or probate law, it’s easy to become frustrated and confused.

Charles Triay focuses his entire practice on navigating the tricky laws and regulations related to probate law. In this video, he answers some of the questions he commonly receives about fiduciaries, wills, and trusts.

Topics covered in this video:

  • What is a fiduciary?
  • How is the fiduciary chosen?
  • What is fiduciary accounting?
  • Do fiduciaries hire other people for accounting?
  • Must the accounting be presented to the court?
  • Does the accounting need to be finished when the person in question passes away?
  • What if there’s a dispute with the accounting among the beneficiaries?
  • If the case does not go to trial, can court costs and attorney fees be reimbursed ?
  • What else do people need to know about fiduciaries, wills, and trusts?