This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Bob has two brothers and he trusts both of them completely. Jeff lives in the same state and has a ... (Read 64 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
on: Aug 3, 2018
Bob has two brothers and he trusts both of them completely. Jeff lives in the same state and has a family and a very busy job. Ryan lives about three hours away by car but has a more relaxed schedule and is currently single. If you were Bob, who would you appoint as his fiduciary? Fully explain your reasoning.
 
  What will be an ideal response?

Question 2

Perform additional legal research about what it means to be a fiduciary. Write a short essay in which you define the term fiduciary and fully discuss the powers and duties associated with being a fiduciary. Be sure to cite your sources.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

234sdffa

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Aug 3, 2018
Answer to Question 1

Since Bob trusts both brothers, it may make more sense to appoint Ryan first because he has more time and fewer responsibilities. On the other hand, Jeff lives close by.

Answer to Question 2

Fiduciaries are held to a high moral and legal standard and must always act in the best interest of those whom they are appointed to serve. Fiduciary duties include the duties of loyalty, disclosure, accounting, obedience, and more. Fiduciaries are entrusted with the assets and property of others and must be organized, intelligent, honest, and loyal. Fiduciaries must be capable of engaging in business transactions such as making contracts and selling assets.


lidoalex

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Aug 3, 2018
TY


234sdffa

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Aug 3, 2018
You're welcome


« previous next »
 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Iowa State University's Tornado/Microburst Simulator Iowa State University's Tornado/Microburst Simulator
This lithograph of the New York draft riots, 1863, shows that although the rioters mainly targeted b This lithograph of the New York draft riots, 1863, shows that although the rioters mainly targeted b
National Guardsmen firing into a crowd of antiwar protesters at Kent State University killed four ... National Guardsmen firing into a crowd of antiwar protesters at Kent State University killed four ...
Determination of Steady-State Weight Determination of Steady-State Weight
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Video: Chloroplast Structure & Light Dependent Reactions (Photosystem 1 and 2 Cyclic Electron Flow)

For a complete list of videos, visit our video library