Document background
The Certificate of Fiduciary Authority is essential when there's a need to formally document and verify a fiduciary's powers to act on behalf of another party. It is commonly used in England and Wales for trust administration, estate management, and financial dealings where clear evidence of authority is required. The certificate details the specific powers granted, any limitations, and the duration of the authority. It provides third parties with assurance about the fiduciary's legitimate powers and helps prevent unauthorized actions. This document is particularly important for compliance with UK trust law and fiduciary duty requirements.
