A fiduciary is a person who has power and responsibility, usually in financial matters, to act for another person. A fiduciary can also be a bank or law firm. Fiduciaries are legally required to act in the best interest of the client. Not all financial advisors are fiduciaries. Fiduciaries act in many different capacities. When you place your trust in a person, such as in a real estate deal or legal avenue, you want to know that this person is a fiduciary. A fiduciary has to set aside their own personal motivations to act in favor of your goals. Fiduciaries often serve in estate planning. Here are some examples of fiduciaries.

Executor of Your Will

The executor of a will settles your estate in accordance with your directions. If you have a will, you can name this person. If you die without a will, the court appoints this person. Regardless o