Justia Lawyer Rating for Jose Noriega
Superlawyer Badges
AV Preeminent Badge
AVVO Rating 10.0 - Top Attorney Criminal Defense
AVVO Rating 10.0 - Top Attorney Personal Injury
AVVO Top Contributor - Criminal Defense
AVVO Clients' Choice - Car Accidents
AVVO Top Contributor - Family
AVVO Clients' Choice - Criminal Defense
BBB

Fiduciary Duty under Texas Law

Texas law places very strict obligations for those with a fiduciary duty. Any individual who has either voluntarily taken on, or has been given this responsibility of a fiduciary duty, owes the highest degree of honesty and loyalty. A fiduciary is required to put the wellbeing and interest of the person for whom they are responsible above their individual interests.

Texas law, above all, requires exceptional loyalty from a fiduciary and it also inflicts harsh punishments against those that breach their fiduciary roles. Fiduciary duties not only attract severe penalties, but they are easy to violate too. Even if the violation is not deliberate, the violator has to account for his or her actions.

What is a fiduciary's role?
  • A fiduciary must undertake the assigned role with great integrity.

  • The standards required by a fiduciary in his or her profession must be adhered to carefully, to meet any required professional standards to ensure that any beneficiary is given the as much protection as possible.

  • A fiduciary has to be completely honest when handling finances so that there is no chance of any possible fraud or misrepresentation taking place.

  • A fiduciary must place the welfare of their beneficiary before their own interests.

  • A fiduciary is not allowed to take any action that could be seen to be contrary to their beneficiary's interest without getting permission from that person.
When do violations of fiduciary obligations take place?

There are no fixed situations when violations occur. Common violations include when a person becomes the guardian of somebody else and fails to meet obligations. Another situation is when directors of a company breach their fiduciary role towards their shareholders. If you are a shareholder and feel that the fiduciary duty of your company director has been violated, then you as the plaintiff will need an experienced Texas business lawyer to represent you. Alternatively, if you owe a fiduciary duty to another individual or individuals and you have been accused by them of breaching your obligations, then you will need to speak with our legal team today.

Client Reviews
★★★★★
Guest and Gray law firm is wonderful. I have had the chance to work with three of the lawyers and they all have been wonderful. They will tell you when you need a lawyer and when you don't. They actually try to save you money. They respond very fast to questions and try to help you understand what is going on. They are caring and are really judgment free. If I needed a lawyer again I would use this firm in a second and recommend them. K.K.
★★★★★
I used Guest and Gray to deal with my ex wife's accusations of child neglect.I dealt with Robert Guest and Tracy Gray. Both were excellent attorneys and surpassed every expectation I had in fighting the false accusations. We Won ! M.B.
★★★★★
I used Guest & Gray for a child custody case and they were great. I was really nervous about the case but they took care of everything and answered all my questions. I would recommend their services to anyone. J.R.
★★★★★
I can highly recommend Guest and Gray. I have worked on a number of cases with Robert Guest and and Scott Gray and find it amazing how MOTIVATED they are to do everything they can for their clients, not to mention that there superior knowledge, etc. In criminal cases supportive relatives always want to know "what can I do" to help. Hire Guest and Gray. C.S.