Fiduciary

A fiduciary is a person or business that must act and put the interests of another before the fiduciary's interest. A fiduciary is held to a high standard of conduct and trust. The fiduciary must avoid conflicts of interest and self-dealing that result in a benefit to the fiduciary's t the expense of the person to whom a fiduciary duty is owed.

Examples of fiduciaries include trustees, attorneys, title companies, trust companies, business advisors, stockbrokers, bankers, etc.

This brief overview of some important considerations associated with fiduciarys is by no means comprehensive. Always seek the advice of a competent professional when making important financial and legal decisions.