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
The Regulatory State: Constitutional ImplicationsThe Regulatory State: Constitutional Implications
by Dawn Oliver, Tony Prosser, Richard Rawlings
  • List Price: $120.00
  • Price: $104.34
  • You Save: $15.66 (13%)
from $60.98
View
Radical and Marxist Theories of Crime (The Library of Essays in Theoretical Criminology)Radical and Marxist Theories of Crime (The Library of Essays in Theoretical Criminology)
by Michael J. Lynch, Paul B. Stretesky
  • List Price: $300.00
  • Price: $285.00
  • You Save: $15.00 (5%)
from $97.02
View
Gloria BackusAttorney at LawPRACTICE AREA: Family Law, Military Law & Military Benefits
Asad S JubranAttorney at LawPRACTICE AREA: Personal Injury, Family Law, Criminal Defense, Tax Law, Animal Law, Military Law & Military Benefits
Jonathan J HuntAttorney at LawPRACTICE AREA: Personal Injury, Criminal Defense, Military Law & Military Benefits
Wall Street Journal"These spaces are often noisy, dark and kind of scary," said Susan Chin, executive director of Design Trust for Public Space, a nonprofit organization focusing public space in New York City that coordinated the booth project. "We're trying to create a ... more »
The Times-PicayuneIt was reported that Fortner had a troubled relationship with Mayor Gavin Newsom and received criticism over the living conditions at some of the city'public housing developments. Fortner said he battled with allies of Newsom as opposed to the mayor ... more »
New York TimesDeutsche Bank, one of Europe's largest banks, was a forceful opponent of the Fed's push to force foreign banks to comply with the same capital requirements as domestic banks. Mr. Thomas said the New York Fed's findings were consistent with complaints ... 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