The fiduciary as Trustee is appointed by the creator of a trust and has the responsibility of carrying out the terms of the trust as set forth in a trust document. A Successor Trustee assumes responsibility if and when the original Trustee no longer administers the trust, for a variety of reasons.
The fiduciary as Directed Trustee is appointed by the creator of a trust who has the sole responsibility of carrying out the terms of the trust set forth in a trust document, while a separate individual is appointed by the creator of the trust who has the sole responsibility of managing the financial assets of the trust.
Executor / Personal Representative
The fiduciary as Personal Representative (the modern term for Executor), is a person who is nominated by the deceased person in his/her will to act on behalf of the estate.
The fiduciary as Guardian is appointed by an individual or court to handle the affairs of a person who is no longer capable of handling them on one’s own.
Agent for Fiduciary
The fiduciary as Agent is appointed by another fiduciary acting in the capacity of Trustee, Personal Representative, or Guardian to assist the fiduciary in carrying out one’s duties.
The fiduciary as Attorney-In-Fact is appointed by an individual through a Durable Power of Attorney to handle financial matters on one’s behalf.
Arrow Fiduciary Services will also assist in paying bills, reviewing legal estate documents, insurance policies, and beneficiary designations.