What are the Fiduciary Duties Owed By Personal Representatives In Iowa?
In Iowa, personal representatives in probate cases are administrators (if there is no will) and executors (if there is a will). Personal representatives have fiduciary duties to act impartially for the benefit of creditors and beneficiaries. Under Iowa Code, claims of creditors receive priority over distributions to beneficiaries. Read the full article here: https://www.oflaherty-law.com/learn-about-law/fiduciary-duties-owed-by-personal-representatives
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This video covers Iowa probate matters including: The fiduciary duties of an estate’s representative, The prohibition on self-dealing, The Duty of Care, Significant transactions, and Prudent investing Removal of Personal representative .
**None of the content in this series is intended as paid legal advice.