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A fiduciary transfer is a transfer of ownership accompanied by an obligation that limits the rights of the transferee with respect to the transferred proper- ty in such a way that the latter is obliged to use the ownership for a specific purpose and then to (re)transfer it to the original owner or a beneficiary.
The difference between a Fiduciary and Executor of Estate comes down to the scope of responsibilities associated with each title. A Fiduciary refers to any individual acting on behalf of another, and in Estate Planning this often means in a legal capacity.
The fiduciary is responsible for collecting, appraising and having an inventory of the estate; paying bills, taxes and other expenses belonging to the decedent; and transferring property based on the will or the law. Being a fiduciary is a major responsibility and can be difficult.
The executor has a fiduciary duty to an estate, and to its beneficiaries, when settling an estate plan. A fiduciary is someone in a position of trust and power, and the law recognizes this and so places an added burden on that person or institution to act with honesty, integrity, good faith, fairness and loyalty.
A Fiduciary refers to any individual acting on behalf of another, and in Estate Planning this often means in a legal capacity. An Executor, on the other hand, is a much more narrow responsibility. Executors can only act on the terms laid out in a Will.
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A bdocHub of fiduciary duty occurs when the fiduciary acts in his or her own self-interest rather than in the best interests of those to whom they owe the duty.
The Michigan warranty deed is a form of deed that provides an unlimited warranty of title. It makes an absolute guarantee that the current owner has good title to the property. The warranty is not limited to the time that the current owner owned the property.
The executor has a fiduciary duty to an estate, and to its beneficiaries, when settling an estate plan. A fiduciary is someone in a position of trust and power, and the law recognizes this and so places an added burden on that person or institution to act with honesty, integrity, good faith, fairness and loyalty.
The fiduciary is responsible for collecting, appraising and having an inventory of the estate; paying bills, taxes and other expenses belonging to the decedent; and transferring property based on the will or the law. Being a fiduciary is a major responsibility and can be difficult.
There are three main types of deeds in Michigan: warranty deeds, quitclaim deeds, and covenant deeds.

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