A plain-language definition, not a conclusion about a document or case. Read the term in its full legal context.
Plain-English meaning
Fiduciary
A person or institution required to act for another within duties of loyalty, care, good faith, disclosure, and proper administration.
Why the term matters
Executors, administrators, trustees, guardians, conservators, and agents may be fiduciaries with recordkeeping and conflict obligations.
Do not confuse it with
A fiduciary is not free to treat managed property as personal property, even when the fiduciary is also a beneficiary.