A fiduciary is a legal entity that can only exist for a year.

Name: A fiduciary is a legal entity that can only exist for a year.
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Quizplus · Accepted Answer

A fiduciary is a legal entity (such as a trust or estate) that is created to manage assets in a responsible and trustworthy manner for the benefit of another person or group. There is no time limit on its existence, and it can continue to exist for as long as it serves its intended purpose.

A Fiduciary Is a Legal Entity That Can Only Exist