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February 2016 Archives

When a fiduciary goes wrong (and what to do about it)

A "fiduciary" is a legal term for a person or corporate entity (like a bank) with the authority and obligation to act for someone else. Fiduciaries can be executors of estates, trustees who administer trusts, guardians or other people who hold a special relationship of trust and confidence. Each fiduciary has a duty to act in good faith and in the best interest of the other party.