A person who has the power and obligation to act for another (often called the beneficiary) under circumstances which require total trust, good faith and honesty. FreeDictionary.Com. Fiduciaries can be family members, friends, business associates or anyone who has control of money or property that belongs to or should belong to another. In Texas, Executors, Administrators and Trustees are fiduciary. A fiduciary may also be a business like a bank or stock brokerage firm. Fiduciaries have responsibilities to the beneficiary.
By Robert Ray a Texas inheritance attorney. The foregoing information is general in nature and does not apply to every fact situation. If you are concerned about Texas inheritance laws, inheritance rights, probate limits, have a family inheritance dispute, a property dispute or want to know the reasons for contesting a will or protecting a will from a contest and need an inheritance lawyer, we can help. Please click on the "Contact Us" tab above and use the contact form to contact us today. We are Texas inheritance lawyers and would love to learn about your case. There is no fee for the initial consultation.