Fiduciary Representation protects an individual, their benefits, and/or their personal property and affairs. Some examples of fiduciaries are executors, trustees, attorneys in fact, health care agents, and court-appointed guardians.
Before distribution of assets, a Personal Representative (PR) has the responsibility to follow the terms of the Will (if one exists) or statues regarding intestacy to the greatest extent possible, undertake all necessary actions to manage the estate’s assets, and pay the proper debt as well as appropriate taxes.
The individual(s) you chose as your “Agent” in your estate planning documents has the important responsibility of protecting you. That protection is afforded to your financial affairs and health care decisions while you are alive.