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
Patent, Copyright & Trademark: An Intellectual Property Desk ReferencePatent, Copyright & Trademark: An Intellectual Property Desk Reference
by Richard Stim
  • List Price: $44.99
  • Price: $32.05
  • You Save: $12.94 (29%)
from $24.09
View
Patent Law Essentials: A Concise GuidePatent Law Essentials: A Concise Guide
by Alan L. Durham
  • List Price: $75.00
  • Price: $68.40
  • You Save: $6.60 (9%)
from $52.64
View
Steven A AllenAttorney at LawPRACTICE AREA: Professional Malpractice, Criminal Defense, Litigation, Animal Law, Military Law & Military Benefits
Judson H LipowitzAttorney at LawPRACTICE AREA: Personal Injury, Professional Malpractice, Business Law, Insurance Litigation, Military Law & Military Benefits
Verndal C LeeAttorney at LawPRACTICE AREA: Family Law, Landlord & Tenant Law, Criminal Defense, Consumer Protection, Military Law & Military Benefits
Boing BoingLaunched late last year, Never Alone (Kisima Ingitchuna), an atmospheric puzzler about a young Inupiaq girl and her arctic fox friend, has been warmly received. Many players have also enjoyed the story of how the team collaborated with the Cook Inlet ... more »
Danbury News TimesDespite laws in many states that protect non-smokers from secondhand smoke, exposure remains especially high for children ages 3 to 11, African-Americans and those who live in poverty or rental housing, according to a recent report. ... Tobacco smoke ... more »
Alaska Dispatch NewsRonald Fischer is shown in this Dec. 10, 2014 file photo as he is arraigned in a Barrow courtroom. His trial on charges of first- and second-degree murder in the shooting death of 48-year-old Assistant District Attorney Brian Sullivan is set for August. 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