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 106 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?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Cirrhosis. Cirrhosis is characterized by a chronic deterioration of the liver, replacing healthy cel Cirrhosis. Cirrhosis is characterized by a chronic deterioration of the liver, replacing healthy cel
Bone marrow transplant. A bone marrow transplant is usually extracted from red bone marrow within a Bone marrow transplant. A bone marrow transplant is usually extracted from red bone marrow within a
The Limbourg Brothers, October, from Les Très Riches Heures du Duc de Berry. The Limbourg Brothers, October, from Les Très Riches Heures du Duc de Berry.
Establishing a steady-state resting membrane potential. Establishing a steady-state resting membrane potential.
Technology has changed our lives fundamentally. The connection to each telephone call used to have ... Technology has changed our lives fundamentally. The connection to each telephone call used to have ...
How Safe Is Your State? Violent Crime in the United States How Safe Is Your State? Violent Crime in the United States
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library