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The Estate & Asset Protection Law Firm Owner, Shannon Pawley, Offers An Overview Of The Many Fiduciary Responsibilities Assigned In Estate Plans.

The Estate & Asset Protection Law Firm Owner, Shannon Pawley, discusses fiduciary responsibilities as it relates to estate planning.

DECATUR, GA, February ••, 2023: Shannon Pawley, Owner of The Estate & Asset Protection Law Firm, has posted a new blog on the law firm’s website entitled “Fiduciary Responsibility When Serving As A Trustee/Executor/Agent” Ms. Pawley reviews the importance of these roles and the consequences of not having them assigned should they be needed.

Pawley states, “Many people typically hear the term ‘fiduciary’ as it relates to financial advisors. However,” she adds, “the term defines anyone who has a legal duty to act in another’s best interest. Executors, trustees, guardians, conservators, health care proxies, and agents under Durable Powers of Attorney are all fiduciaries.”

As Pawley notes, the fiduciary role is vital in estate planner. She writes, “One purpose of estate and long-term care planning is to determine exactly who will serve as your fiduciaries. The law only states that a fiduciary for consideration in long-term health and estate planning be legally competent, meaning they are over 18 years of age and capable of managing his or her affairs.”

According to Pawley, “The issues that arise without having a previously executed a Durable Power of Attorney and a Health Care Proxy, are many. For instance, should a medical crisis arise a probate court would appoint a Guardian to manage your affairs. Such an appointment will delay services, pressure relatives, expose your affairs to public scrutiny, and cost a great deal of money.”

Additionally, Pawley notes, “Parents who fail to nominate a guardian for their minor children risk having someone they don’t trust or don’t know being named by the court to raise their children.”

The entire blog can be read HERE.

About The Estate & Asset Protection Law Firm

The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Shannon Pawley has grown her law practice by providing excellent customer satisfaction with personalized wealth protection plans.

About Shannon M. Pawley, J.D., LL.M

As the owner of The Estate & Asset Protection Law Firm, Shannon M. Pawley and her entire team share a passion which focuses on being able to serve the legal needs of retiring individuals. In our firm, WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Born and raised in the Tidewater area of Virginia to a tightknit family with strong military service roots, Shannon learned from an early age the value of hard work and the importance of social awareness to ensure you always leave a situation in a better place than how you entered it. In her junior year of high school, Shannon served as U.S. House of Representatives Page during the 101st United States Congressional Session in Washington, D.C. This experience exposed her to numerous new cultures and worldly issues. Walking away from her experience as a U.S. House of Representative Page, Shannon knew that she wanted to pursue legal studies and be able to assist others in obtaining the best results available in difficult situations.

Shannon earned her undergraduate degree at North Carolina Wesleyan College and pursued a law degree from Michigan State University College of Law. After obtaining her law degree and becoming a licensed attorney in Michigan, she continued her educational pursuit by acquiring a LL.M. (Master of Law) in Taxation from Wayne State University. After moving to Georgia in 2018, Shannon obtained her Georgia law license and has enjoyed being able to pursue her desire of ensuring persons are able to age with dignity, grace and independence.

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Looking to find an experienced estate lawyer in the Georgia area who is skilled in asset protection and estate plan preparation? Shannon Pawley is an attorney in Georgia with expertise in estate planning and asset protection. Shannon can provide assistance with creating an estate plan to include making a will and how to establish a trust properly. If you have questions about asset protection or questions about making an estate plan, reach out to Shannon and she will be glad to help answer all the estate planning questions you might have!

 
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