In South Dakota, a Personal Representative is a "fiduciary" who (except as otherwise provided in the will) must observe the standards of care in dealing with the estate's assets that would be observed by a prudent person dealing with the property of another.
A "fiduciary duty" exists when an individual places the utmost trust and confidence in another person to manage and protect property or money. In other words, the "fiduciary" has an obligation to act for another's benefit.
About Swier Law Firm's Estate Planning & Probate Practice Group
Swier Law Firm has a nationally recognized practice in estate planning and probate law and handles the following types of cases:
Take a look at our valuable estate planning books and articles. Our materials are full of tips and advice. All materials are written by the law firm's nationally recognized estate planning attorneys and provide detailed South Dakota-specific information designed to help anyone with estate planning issues. You can request your free copy by clicking on the book cover below.
.png)
(1).png)
