NY courts are emphasizing transparency and fiduciary duty in trusts and estates. Trustees controlling corporate assets must account for LLCs; fiduciaries who mismanage or self-deal can be surcharged.

Acting as a fiduciary isn’t easy. A fiduciary owes many duties to the beneficiaries, and a breach of a duty can result in liability. This includes the duty to account. Sometimes an accounting is ...

Despite the requirement that a fiduciary must account for his or actions, there is no statutory provision that requires a fiduciary to provide periodic accountings. In Part two of their series, ...

In recent months several clients and others have asked me about having their partial interests in limited liability companies bequeathed to trusts for estate planning and asset protection purposes. I ...

Cummings is a veteran in the family office and wealth management communities and has served as a trusted advisor to families and nonprofit organizations for over 15 years. In this newly created role ...

For this, my final Morningstar column, I’m tackling a topic not covered in any of the 244 previous columns: fiduciary income taxes. What must financial advisors, estate planners, and trust ...

Wall Street must have its wisecrack. “High finance” was the weak but prevalent pun heard last week when Fiduciary Trust Co. opened for business on the 30th floor of No. i Wall St. But other bankers ...

NEW YORK--(BUSINESS WIRE)--Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Erica B. Landeros has joined as trust counsel in the ...

WILMINGTON, Del.--(BUSINESS WIRE)--Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that M. Lisa Parry Howard has joined the firm as ...

Six former officers of Putnam Fiduciary Trust Co., a unit of mutual funds group Putnam Investments, have been charged by U.S. regulators over an alleged $4 million fraud scheme and attempted cover-up ...