Who Will You Trust? — Appointing Fiduciaries
By KCM Consultants
Published 20 June 20262 minDownload PDF
The fiduciary — whether an executor (for a will), guardian, or trustee — is entrusted with significant powers to deal with the deceased estate[1]. Choosing the right person is one of the most consequential succession-planning decisions a family can make.
The Challenge
Unfortunately, jurisprudence across the globe includes numerous instances of fiduciary mismanagement, self-dealing, and inaction that damaged estates[1].
Key Parameters for Selection
Age and health: The fiduciary should not be too advanced in age. Health conditions matter for practical continuity[1].
Financial competence: The fiduciary should have commercial and financial acumen to manage the estate effectively — including compliance, property registration, and investment decisions[1].
Independence: A fiduciary dependent on one of the beneficiaries is likely to be biased. Independence from beneficiary influence is crucial for fair and impartial estate management[1].
Alignment: The fiduciary should understand and respect the Settlor’s values and intentions for the estate[1].
References
- KCM Consultants, Who Will You Trust? — Appointing Fiduciaries (Knowledge Hub, 20 June 2026).