Conquering the Fear of Fiduciary Duty

Conquering the Fear of Fiduciary Duty

Protecting the protector from liability

As fiduciaries, we’ve all experienced that sinking feeling after realizing we may have made a mistake. We forgot to dot an “i” or cross a “t,” and the trust or beneficiary suffers damage on account of it. Obviously, we’re likely liable, and we’re exposed to fiduciary liability, which can be broad. Will our malpractice cover us? Even if it does, it’s not a great feeling, and time and trouble will follow regardless of coverage. Wouldn’t it b

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