A fiduciary is someone who has been appointed to manage legal or financial matters on another’s behalf. The most common fiduciary relationships arise from trusts, estates and powers of attorney.
In most cases the fiduciary cannot transfer the assets that he’s managing to himself. This is especially true for real estate. Such a transfer may violate the fiduciary’s duty not to engage in “self dealing.”
If you have questions about estate planning or real estate, please contact me at justin@jrmccarthy.com
Law Office of Justin R. McCarthy 