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Estate Sale Services Atlanta, Georgia Blog

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Who is an Estate Sale Fiduciary -- What Do They Do?

Posted by Tonza Borden on March 7, 2013 at 12:55 AM

An estate sale or estate liquidation fiduciary is someone who is hired to accept the duty of acting on behalf of the client by launching and operating their estate sale, in his or her best interest.


Clients hire estate sale companies to sell their personal property because in most cases they are not capable of launching and managing an estate sale.


Therefore, we are hired to manage their estate sale, and agree to do so, in their best interest, which means we have become our clients fiduciary.


The word fiduciary is often used to describe a relationship, such as between estate sale company and client, in which the estate liquidator manages the estate sale money for the client.


Fiduciary also describes a relationship of trust in which the client trusts the estate sale company to act in his or her best interest, i.e., an executor and estate liquidator and a Real Estate agent and estate client|seller.


Failure to respect the fiduciary relationship or follow the estate sale agreement is considered a breach of fiduciary duty, and technically (I'm no lawyer -- just one who aspired many years ago) could be held responsible for losses suffered as a result of the breach.


Finally, a fiduciary (estate liquidator|estate sale company) cannot use his or her position for personal gain, although he or she can be paid for launching and managing estate sales.


Thanks for reading. Post a Comment to ask me anything about estate sales!


Written by Tonza Borden from Atlanta, Georgia:  Hi, I'm estate liquidator of EstateSaleServiceAtlanta.com, and publisher of Secret Of Estate Sales Marketing Success: REAL Estate Sale Techniques & Templates To Go From Beginner To Getting An Endless Stream Of Estate Sale Clients. I help people find the resources they need to succeed in estate liquidation, worldwide.

Categories: Estate Sale Problems | Legal Ethics, How To Start An Estate Sale Business

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