The purpose of estate tax planning is to maximize the assets you pass on to future generations by minimizing gift and estate taxes. Estate-tax strategies revolve around the use of irrevocable trusts. This article discusses the most common types of irrevocable trusts that are used to minimize gift and estate […]
A fiduciary deed is a legal document that creates a fiduciary relationship between two parties. In other words, it establishes trust between the two individuals involved. People who set it can use this type of deed for many purposes, such as transferring assets or ensuring the achievement of someone’s financial wishes after they die. If you need to create a fiduciary relationship with someone, you should consider using a fiduciary deed.
The term “fiduciary” refers to someone entrusted with another person’s property or affairs. This relationship is one of trust, and the fiduciary must act in the best interests of the person they represent. A fiduciary deed can work to establish this type of relationship between two people.
Therefore, when two people want to trust each other, they use this document to make it official. It sets up a relationship where one person has to help the other out and look out for their best interests.
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