What is a fiduciary?
A fiduciary is someone legally bound to act in another’s best interest.
Why it matters
Trustees, executors, and guardians owe this high standard of care.
Common confusion
A fiduciary must put the other’s interest first, above their own.
Frequently Asked Questions
Who is a fiduciary?
Trustees, executors, guardians, and some agents under a POA.
What happens if they breach?
They can be removed and forced to repay losses.
Is my financial advisor a fiduciary?
Not always — it depends on their legal duty.