Paula Peaden speaks at Virginia Coalition for the Prevention of Elder Abuse, Inc. 26th annual conference

Paula Peaden speaks at the 26th annual conference of the Virginia Coalition for the Prevention of Elder Abuse, Inc. at Kingsmill Resort & Conference Center. The convention focus was Renew, Refresh, Refocus: Elder Abuse Prevention in Times of COVID.

Ms. Peaden discussed What is a Fiduciary? Representative Payees, Trustees, and Court-Appointed Conservators in Virginia.

It’s not your money! If you have been named to manage money or property for someone else, you are a fiduciary. The role of a fiduciary is a serious one and carries with it legal responsibilities to act only in the best interest of the principal, the party whose assets you are managing, not your own. Ms. Peaden discussed the different kinds of fiduciaries and their responsibilities under the law in Virginia. She provided tips on both making financial decisions for someone else as well as protecting assets from fraud and scams.

If you wish to discuss how you can have Paula Peaden and the law firm of Parker Pollard Wilton & Peaden become your fiduciary or have questions that about your role as fiduciary, or know of a loved one who is may need assistance, please contact us at contact@parkerpollard.com or (804) 262-3600.