Why I am doing this.
Canada's fiduciary landscape is vast:
- public guardians manage the property of tens of thousands of adults without receipts
- private attorneys and committees oversee the finances of aging parents and incapacited relations
- trustees administrer esates worth billions annually.
If 1% of fiduciary managed assets leak through unnecessay fees, undocumented disbursements, or administrative overreach, the annual loss could reach hundreds of millions of dollars per year.
And my experience has been that lawyers direct administrators to fully take advantage of their positions enforcing the justification that they are entitled. The entitled part comes from admistrators enriching themselves by self dealing.
Fiduciary systems operate behind closed doors, with limited transparecny, inconsistent oversight, and procedural shortcuts that would be untinkable in any other financial sector. Money drifts away through fees, administrative decisions, undocumented expenditures, and structural blind sports.
