In a case of multiple fiduciaries, what is an acceptable reason for one to assume another’s responsibilities?

In the context of fiduciary relationships, the primary reason one fiduciary may assume another's responsibilities is due to unavoidable absence. This scenario acknowledges that situations can arise where a fiduciary may be unable to fulfill their duties, whether because of illness, travel, or other significant reasons. When this occurs, allowing another fiduciary to step in ensures that the obligations to the principal or beneficiaries are met without interruption.

This practice maintains the integrity and continuity of the fiduciary responsibilities, safeguarding the interests of those relying on the fiduciaries. It is essential for fiduciaries to act with prudence and in the best interest of the beneficiaries, and delegating responsibilities in the event of an unavoidable absence aligns with this duty.

Conversely, increasing workload, seeking power, or necessitating court discretion are not acceptable justifications for assuming another fiduciary's duties. These reasons do not align with the principles of fiduciary duty, which emphasize collaboration, transparency, and the welfare of beneficiaries.