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
Farnsworth, Sanger, Cohen, Brooks and Garvin Selections for Contracts, 2013 (Selected Statutes)Farnsworth, Sanger, Cohen, Brooks and Garvin Selections for Contracts, 2013 (Selected Statutes)
by E. Farnsworth, Carol Sanger, Neil B Cohen, Richard Brooks
  • List Price: $46.00
  • Price: $38.33
  • You Save: $7.67 (17%)
from $27.99
View
Cases and Materials on Contracts: Making and Doing Deals, 4th (American Casebook Series) (English and English Edition)Cases and Materials on Contracts: Making and Doing Deals, 4th (American Casebook Series) (English and English Edition)
by David Epstein, Bruce Markell, Lawrence Ponoroff
  • List Price: $205.00
  • Price: $191.33
  • You Save: $13.67 (7%)
from $220.00
View
Michael A WilkinsAttorney at LawPRACTICE AREA: Family Law, Elder Law, Contracts, Wills & Probate, Insurance Litigation, Trusts & Estate Planning, Litigation, Sports Law, Military Law & Military Benefits
David T BrydenAttorney at LawPRACTICE AREA: Personal Injury, Criminal Defense, Litigation, Animal Law, Military Law & Military Benefits
Mark OlandAttorney at LawPRACTICE AREA: Bankruptcy Law, Business Law, Environmental Law, Military Law & Military Benefits
AL.comThe Scholarship & Christianity In Oxford program, funded by the Templeton Religion Trust, fosters interdisciplinary understanding central to the study of science and religion. Donaldson, a mathematics and computer sciences professor, is a co-founder ... more »
Kennebec Journal & Morning SentinelWATERVILLE — The new Waterville Community Land Trust has an option to buy its first property and is kicking off a fundraising campaign to buy and renovate the house and sell it to a low- to moderate-income family. The home at 182 Water St. in the city ... more »
Huffington Post"For public health, this is really a game changer," Gail Hansen, a senior officer for Pew Charitable Trusts' antibiotic resistance project, told Reuters, and a move that could potentially influence other major players in the food industry. Antibiotics ... 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