What Is a Fiduciary? Duties, Risks, Costs & How to Choose the Right Fiduciary
ProbateServices2025-12-24T06:50:07+00:00A fiduciary is a person or institution legally obligated to act solely in another person’s best interest when managing money, assets, or important decisions. Fiduciaries handle trusts, estates, investments, guardianships, and financial planning with the highest legal and ethical responsibility. Unlike standard advisors, fiduciaries are personally liable for misconduct or negligence. What does the word 'fiduciary' mean? - Full Explanation The word fiduciary comes from the Latin fiducia, meaning trust and confidence. In legal and financial contexts, a fiduciary is someone who holds a position of power and responsibility over another person’s assets or decisions. A fiduciary relationship exists when: One [...]

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