While anyone who is appointed to be a fiduciary will be legally obligated to not use his powers to further his own self-interests (by, for example, stealing from an estate), fiduciaries also have the legal duties of:
- Complying with the Colorado Uniform Prudent Investor Act
- Doing their best to resolve all matters of estate administration as efficiently as possible and with the best interest of the beneficiaries in mind at all times
- Remaining impartial as they distribute the assets of an estate among the beneficiaries.
When a beneficiary, creditor or any other party alleges that a fiduciary has breached these duties, the matter can be brought before a judge, and the resulting litigation can be emotionally stressful, contentious and lengthy.