What should fiduciaries do to keep the estate's health and preservation a priority?

The best approach for fiduciaries to ensure the health and preservation of an estate is to balance the person’s wishes with the estate's needs. This balance is crucial because it allows fiduciaries to honor the intentions of the individual who created the estate, known as the testator or grantor, while also addressing practical considerations such as financial obligations, debts, and the overall maintenance of the estate's value.

Fiduciaries have a legal duty to act in the best interest of the estate and its beneficiaries, which requires careful consideration of both the emotional and financial aspects involved. By prioritizing this balance, fiduciaries can make informed decisions that respect the deceased's wishes while ensuring the estate remains sustainable and protects the interests of the beneficiaries.

Neglecting the values of the person or acting solely on personal judgment could lead to decisions that disregard the intent behind the estate plan or fail to fulfill their duties competently. Similarly, limiting communication with beneficiaries can create distrust and conflict, undermining the fiduciary's role in managing the estate effectively. Maintaining open lines of communication and transparency are integral to preserving relationships and ensuring everyone involved is informed and engaged.