Were you named the executor of someone's will? If so, then you should
know that you will be (upon appointment by the CT Probate Court) a fiduciary.
A fiduciary is a person who serves in a position of trust for others.
In the context of probate, it means that you serve in such a position
for creditors of the estate and heirs.
So what are the fiduciary duties of the executor? There are 3 pretty broad
categories that you should be aware of:
Duty of Impartiality - the executor should not favor one beneficiary over another when the executor
is administering the estate
Duty of Loyalty - the executor should avoid self-dealing
Duty of Diligence - the executor should be diligent when carrying out the administration of
the estate and managing the estate during the administration process.
It is very important to take these duties seriously. If the Probate Court
finds that the executor has breached one or more of these duties, it may
be a costly proposition. If you have questions about how to administer
an estate where you have been named the executor, contact us to set up
a consultation. We can help guide you through the process. You can get
our contact information on our
website by clicking here.
Additional Connecticut Probate Resources
For more general information on Probate or estate planning in
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