Maine Fiduciary Services
What is a fiduciary?
A fiduciary is an individual or an entity that is given legal responsibilities for the care of another person or an estate.
Who might need a professional fiduciary?
Some families will appoint a professional fiduciary to avoid burdening a loved one or to avoid potential conflict. Being a fiduciary can be time-consuming both in fulfilling the responsibilities involved as well as obtaining the knowledge and expertise needed to complete the duties required.
Maine Fiduciary Services, an affiliate of Rudman Winchell, has over 100 years of combined experience in fiduciary matters. The attorneys and staff have the expertise to represent your fiduciary needs. You can be assured we understand and stay up-to-date on complex regulations and laws.
We can serve as a professional fiduciary as well as be a resource for clients, consultants, fiduciaries, and courts. We will provide assistance to current fiduciaries and serve as fiduciary. We may serve as the trustee of a trust, including special needs trusts, as personal representative of an estate, as conservator, or as an agent under a power of attorney.
Duties of a Fiduciary
What are the duties of a fiduciary for these roles? Fiduciary duties can fall into two categories: the duty of loyalty and the duty of care. The services to provide those duties will vary depending on the role the fiduciary has been granted. They can include bill paying, record keeping, ensuring tax documentation, reconciling accounts, communicating and distributing funds to the beneficiaries, annual reviews, to name a few.
We can provide a wide range of fiduciary services. Click here to see our brochure for more information on Maine Fiduciary Services and the services, proficiency, and benefits we can provide. Learn more about the Maine Fiduciary Services attorneys and staff. Click on their names to view their bios and professional accomplishments.