What Are the Responsibilities of a Fiduciary?

Fiduciaries play a central role in probate administration. In Connecticut, executors and administrators are held to a fiduciary standard, meaning they must act with honesty, loyalty, and reasonable care.

Key responsibilities include identifying assets, safeguarding property, paying valid debts, filing required documents, and distributing assets according to law. Fiduciaries must keep accurate records and provide accountings to the Probate Court.

Fiduciaries must avoid conflicts of interest and self-dealing. Estate assets may not be used for personal benefit unless expressly authorized and approved.

Failure to meet fiduciary duties can result in removal, surcharge, or personal liability. Connecticut Probate Courts take fiduciary responsibilities seriously.

Serving as a fiduciary requires diligence, organization, and attention to detail. When performed properly, it ensures estates are administered fairly and efficiently.

Probate administration in Connecticut involves court oversight, statutory procedures, and fiduciary responsibilities that vary from estate to estate. Understanding the process helps reduce confusion and promote orderly administration.

This article is provided for general informational purposes only and does not constitute legal advice.

Thomas B. Kane is a Connecticut estate planning attorney with nearly 30 years of experience helping families acquire and protect assets, navigate probate, and plan for future generations.