In Collins v. Nugent, 110 Ill. App. 3d 1026, 1036, 443 N.E.2d 277, 284, 66 Ill. Dec. 594 (1982), the court held that important factors in determining whether a particular transaction is fair include a showing by the fiduciary: (1) that he has made a free and frank disclosure of all the relevant information which he had; (2) that the consideration was adequate; (3) that the principal had competent and independent advice before completing the transaction. Collins, 110 Ill. App. 3d at 1038, 443 N.E.2d at 285.