Skip navigation
te0520-shenkman Getty Images.jpg

Considerations for Non-Professional Fiduciaries

A checklist of responsibilities.

When family members, friends and other nonprofessionals assume the role of fiduciary—whether it be for a trust or an estate—there are many considerations that advisors should address with them to assure that they fulfill their responsibilities properly. These considerations fall into four broad categories—carrying out administrative responsibilities; making legal judgments; exercising discretion; and complying with and maximizing tax laws. Many, perhaps most, non-professional fiduciaries don


Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).

If you are interested in unlimited article access for one year, please select Annual Subscription below.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.