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.

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