Some individuals suddenly find themselves with huge responsibilities, such as acting as an agent, guardian, estate administrator or trustee, but with little training or preparation. However, they are required to make fiduciary decisions which can be challenged in court. We will guide these individuals on the process of gathering appropriate information, making a decision based on that information, and properly recording, in writing, each decision.
“Whenever a power is exercised, the agent shall act in good faith for the benefit of the
principal using due care, competence, and diligence in accordance with
the terms of the agency and shall be liable for negligent exercise."
- from Illinois Compiled Statutes, 755 ILCS 45/2-7(a)
Do I Need to GUIDANCE with my decisions?