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Full-Text Articles in Estates and Trusts
Of Punctilios And Paybacks: The Duty Of Loyalty Under The Uniform Trust Code, Karen E. Boxx
Of Punctilios And Paybacks: The Duty Of Loyalty Under The Uniform Trust Code, Karen E. Boxx
Articles
Loyalty has been cited as the most desired of traits from those who serve others. One reason that loyalty is so highly valued is that it is impossible to guarantee and impossible to buy. The trust law concept of the duty of loyalty acknowledges that human nature will cause any person to favor his or her personal interests over the interests of another, and it is this assumption of disloyalty that gives rise to the strict prohibitions of trustee conflicts of interest required under the label of "duty of loyalty."
The duty of loyalty has been called "the essence of …
The Durable Power Of Attorney's Place In The Family Of Fiduciary Relationships, Karen E. Boxx
The Durable Power Of Attorney's Place In The Family Of Fiduciary Relationships, Karen E. Boxx
Articles
The durable power of attorney is a deceptively simple document that allows one person to handle the affairs of an incapacitated person without court supervision. It is merely an agency relationship, established by a written document, that continues during the principal's incapacity. The durable power of attorney has been in widespread use only for about twenty-five years. It is very easy to draft, and its use escapes most court proceedings or even much need for legal assistance.
The durable power of attorney has therefore kept a low profile until now, and any attention it is now receiving focuses primarily on …