Probate Glossary
Fiduciary
A person who must act in another party's best interests.
Definition
A fiduciary is someone who has a legal duty to act with care, loyalty, honesty, and good faith for another person or estate. Executors, Personal Representatives, trustees, and administrators often serve as fiduciaries.
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Frequently Asked Questions
What is a fiduciary duty in probate?
A fiduciary duty is the obligation to act carefully, honestly, and in the best interests of the estate and interested parties. It includes preserving assets, keeping records, avoiding conflicts, and following court requirements.