The word “fiduciary” finds its origins in the Latin word for trust. A fiduciary is therefore a person or body placed in a position of trust in relation to the affairs of another, referred to as the beneficiary.The relationship between them carries the highest duty of care and good faith and is known as a fiduciary duty.
In terms of this fiduciary duty, the fiduciary must act in the beneficiary’s interest and for their benefit.
Services which exemplify this fiduciary duty are known as fiduciary services and include:
- Estate planning and the drafting of Wills
- Trust formation and administration
- Deceased Estate administration
- Personal Estate administration
The Legacy professional team has the skills and experience to ably provide these services.