Many professionals handle money for their clients.
Included in this group of fiduciaries are professional trustees, money managers, and financial advisors and planners. Non-professionals sometimes have fiduciary duties thrust upon them, such as executors of wills or trustees of a testamentary trust. All these people, from the relative named as executor of the will to the professional trustee exercising investment decisions for a pension fund, are fiduciaries. The job is difficult and the potential for liability is enormous. As part of our professional liability practice, we litigate issues involving fiduciaries.