Articles Tagged with fiduciary

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Searcy v. Searcy, No. COA11-11 (N.C. Ct. App. 2011)

In North Carolina, settlement and distribution of marital property can be addressed in a separation agreement. Such an agreement is essentially a contract between the parties. A unique term, “fiduciary,” is sometimes used to describe a relationship between spouses that can be distilled to mean trust. As in contract law, there must be full and truthful disclosure of facts surrounding terms and provisions in a contract between parties who are fiduciaries to each other. Failing to disclose a certain fact can render the contract invalid. But in divorce proceedings, when does the fiduciary relationship end? In the case below, we see that there is no bright line. Continue reading →