Fiduciary Duty of Care Enhances Protection Against Disloyalty and Mismanagement
The duty of care for fiduciaries is crucial for protecting relationships and preventing disloyalty or mismanagement. It is not just a legal duty but a fiduciary duty rooted in fairness. This duty helps balance a fiduciary's obligation to act in the best interests of their client with their duty of care. By recognizing and defining this duty clearly, courts can better navigate potential conflicts and ensure proper protection for those involved.