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Fiduciary Duties in Estate Administration

February 15, 2023

At the end of last year, the Michigan Court of Appeals issued an opinion in the case of In re Estate of Daniel K. Wallace, noting the importance for a fiduciary to administer an estate and operate the estateโ€™s business interests in accordance with fiduciary obligations. The case highlighted the mistake that many fiduciaries, especially family members acting as fiduciaries, make in assuming that it is sufficient to invest in the same manner or operate a decedentโ€™s business the same way the decedent did.

To read more about this case, click the PDF below.

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