Fiduciary Law

This book examines fiduciary law's principles and challenges, highlighting the need for stronger protections against abuse within fiduciary relationships.

In Fiduciary Law, Tamar Frankel delves into the intricate framework of fiduciary law, exploring its fundamental principles, overarching themes, and key objectives. The book highlights the critical role fiduciaries—such as corporate managers, lawyers, and healthcare providers—play in safeguarding money and power entrusted to them. Frankel emphasizes that fiduciary law is essential for protecting individuals from potential abuses that may arise in these relationships.

Throughout the text, Frankel identifies various scenarios where fiduciary law may fall short in providing adequate protection, prompting a deeper examination of its limitations. She engages with ongoing debates within the field, advocating for stronger preventive measures to enhance the efficacy of fiduciary law. The author provides thoughtful guidelines for delineating the boundaries and substance of this legal framework, while also addressing the consequences of failing to enforce fiduciary standards, which can lead to broader financial and economic instability.

Moreover, Fiduciary Law serves as a valuable resource for lawyers, policymakers, and regulators, offering insights into the design of future legal systems and the protection they must afford. Frankel's arguments for robust legal safeguards against the misuse of entrusted power underscore the importance of fostering trust in fiduciary relationships, ultimately contributing to a more secure and reliable society.