A fiduciary is an individual or an entity authorized to take possession of the property of others.

Question

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A fiduciary is a person or entity that is legally authorized to manage or handle financial affairs, assets, or property on behalf of another person or entity. This includes trustees, executors, administrators, and agents appointed under a power of attorney, among others. As trustees of trusts, they have fiduciary responsibilities.

A Fiduciary Is an Individual or an Entity Authorized to Take