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What is a fiduciary?

A fiduciary is a fancy legal word for someone who is handling the money and/or assets of another individual. Normally, that other individual is unable to do what needs to be done with their assets by himself anymore. Maybe he is infirm. Maybe he had an accident and can’t do it anymore, but the fiduciary is someone who is responsible for the money and assets of another person and has legal responsibilities to do that properly or they can be brought to court if they don’t do it properly.

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