Legal definition of fiduciary
Living Trusts Legal Terminology

fiduciary

1
for the purposes of estate administration: Fiduciary means a personal representative or trustee. The term includes an executor, administrator, successor personal representative, and a person performing substantially the same function.
A fiduciary shall administer a trust or estate in accordance with the terms of the trust or the will;
may administer a trust or estate by the exercise of a discretionary power of administration given to the fiduciary by the terms of the trust or the will;
A fiduciary shall administer a trust or estate impartially, based on what is fair and reasonable to all of the beneficiaries, except to the extent that the terms of the trust or the will clearly manifest an intention that the fiduciary shall or may favor one or more of the beneficiaries.
2
"Original fiduciary" means a fiduciary who is replaced by a substitute fiduciary or who makes a delegation of power under this part.(sec.355)
Source: California Probate Code. website
Find a legal term by clicking on the first letter of a legal word or phrase:
Book of the Day in our Store
Share it on TwitterFacebook
Modern Public Economics Second Edition (Routledge Advanced Texts in Economics and Finance)Modern Public Economics Second Edition (Routledge Advanced Texts in Economics and Finance)
by Raghbendra Jha
  • List Price: $73.95
  • Price: $64.93
  • You Save: $9.02 (12%)
from $48.00
View
Implementing An Offshore Banking Presence: Strategic Tax Avoidance And Money LaunderingImplementing An Offshore Banking Presence: Strategic Tax Avoidance And Money Laundering
by Brendan Zottl
  • Price: $21.99
from $20.67
View
Joseph M OwensAttorney at LawPRACTICE AREA: Family Law, Criminal Defense, Military Law & Military Benefits
Bruce LittleAttorney at LawPRACTICE AREA: Family Law, Litigation, Military Law & Military Benefits
Thomas A BudettiAttorney at LawPRACTICE AREA: Insurance Litigation, Workers Compensation, Military Law & Military Benefits
AL.comShe informed and entertained, earning the public's trust in a colorful, spectacularly successful fashion. In fact, she requires no surname. As she continues her ... I can't do. I'm not an actress, not a professional actress. And I want actresses to ... more »
News & ObserverBut Indiana, where I live, requires that most home improvement projects be free of workmanship problems for two years, according to the Indiana Builders Association. Contractors who want to retain client goodwill may honor a work warranty for longer ... more »
New York ObserverIt's complicated and here's why: Charles cites my book Trust Me, I'm Lying as one of his most significant influences. In other words, I may want disavow what he does, but I cannot avoid admitting that he is partially a reflection of myself. It's an ... more »
It's a free online legal dictionary search engine for definitions of legal terminology and legal words, legal abbreviations, and legal jargon you may meet when reading legal acts, law books, documents, legal forms and other legal content