CFP

By Investopedia AAA

Fiduciaries - Introduction

Simply put, a fiduciary is a person that has the duty to act in the best interest of another person or institution. A fiduciary duty is considered the highest standard of care, and that person is expected to be extremely loyal to the person to whom they owe that duty. The role of a fiduciary can take many different forms but the three primary relationships for estate planning are found in this section. Executor/Personal Representative

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