Definition from Nolo’s Plain-English Law Dictionary
A person or company that has the power and obligation to act for another under circumstances which require total trust, good faith, and honesty. Fiduciaries can include trustees, business advisers, attorneys, guardians, administrators of estates, real estate agents, bankers, stock brokers, title companies, or anyone who undertakes to assist someone who places complete confidence and trust in that person or company.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:16 pm