āĻ āĻ¨ā§āĻ¸āĻ¨ā§āĻ§āĻžāĻ¨ āĻāĻ°ā§āĻ¨
āĻ āĻāĻŋāĻ§āĻžāĻ¨ā§āĻ° āĻāĻžāĻˇāĻž āĻ¨āĻŋāĻ°ā§āĻŦāĻžāĻāĻ¨ āĻāĻ°ā§āĻ¨
āĻāĻĒāĻ¨āĻžāĻ° āĻāĻžāĻˇāĻž āĻ¨āĻŋāĻ°ā§āĻŦāĻžāĻāĻ¨ āĻāĻ°ā§āĻ¨
fiduciary
/fÉĒdjËuËĘÉÉši/
Fiduciary
01
āĻā§āĻ°āĻžāĻ¸ā§āĻāĻŋ, āĻŦāĻŋāĻļā§āĻŦāĻ¸ā§āĻ¤ āĻŦā§āĻ¯āĻā§āĻ¤āĻŋ
a person or organization that holds a position of trust, responsibility, and confidence to manage assets or property on behalf of others
āĻāĻĻāĻžāĻšāĻ°āĻŖ
The lawyer was appointed as the fiduciary to manage the estate after the owner's passing.
āĻŽāĻžāĻ˛āĻŋāĻā§āĻ° āĻŽā§āĻ¤ā§āĻ¯ā§āĻ° āĻĒāĻ° āĻ¸āĻŽā§āĻĒāĻ¤ā§āĻ¤āĻŋ āĻĒāĻ°āĻŋāĻāĻžāĻ˛āĻ¨āĻžāĻ° āĻāĻ¨ā§āĻ¯ āĻāĻāĻ¨āĻā§āĻŦā§āĻā§ āĻā§āĻ°āĻžāĻ¸ā§āĻāĻŋ āĻ¨āĻŋāĻ¯ā§āĻā§āĻ¤ āĻāĻ°āĻž āĻšāĻ¯āĻŧā§āĻāĻŋāĻ˛āĨ¤
fiduciary
01
āĻŦāĻŋāĻļā§āĻŦāĻžāĻ¸āĻāĻžāĻāĻ¨, āĻāĻ¸ā§āĻĨāĻžāĻ°
legally obligated to act in the best interests of another party, typically when managing their assets or affairs
āĻāĻĻāĻžāĻšāĻ°āĻŖ
Trustees have fiduciary responsibilities to manage assets for the benefit of beneficiaries.
āĻā§āĻ°āĻžāĻ¸ā§āĻāĻŋāĻĻā§āĻ° āĻ¸āĻŽā§āĻĒāĻĻ āĻĒāĻ°āĻŋāĻāĻžāĻ˛āĻ¨āĻžāĻ° āĻāĻ¨ā§āĻ¯ āĻ˛āĻžāĻāĻžāĻ°ā§āĻĨā§āĻĻā§āĻ° āĻ¸ā§āĻŦāĻŋāĻ§āĻžāĻ° āĻāĻ¨ā§āĻ¯ āĻĢāĻŋāĻĄāĻŋāĻāĻļāĻŋāĻ¯āĻŧāĻžāĻ°āĻŋ āĻĻāĻžāĻ¯āĻŧāĻŋāĻ¤ā§āĻŦ āĻ°āĻ¯āĻŧā§āĻā§āĨ¤
āĻ¨āĻŋāĻāĻāĻŦāĻ°ā§āĻ¤ā§ āĻļāĻŦā§āĻĻ
