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A Fiduciary is a person or an institution you choose to entrust with the management of your property. Included among Fiduciaries are Executors and Trustees. An Executor is a person you appoint to settle your estate and to carry out the terms of your Will after your death.
The following people are not considered fiduciaries: Stock Brokers. Insurance Agents. Real Estate Agents acting on the other partys behalf (This is common when you are buying, as most real estate agents are acting on behalf of the seller.)
Specifically, fiduciary duties may include the duties of care, confidentiality, loyalty, obedience, and accounting.
As a general rule, a Third-Party Administrator is not a plan fiduciary so long as the TPA (Third Party Administrator) Agreement does not exclude its fiduciary responsibilities.
Visit napfa.org to check their database. You can also research potential advisory firms through the SECs adviser search tool. If the advisory firm is a federally Registered Investment Adviser, and thus a fiduciary, it will have what is called a Form ADV filing available to be viewed online.
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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.
A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients interests ahead of their own, with a duty to preserve good faith and trust.
An executor has a fiduciary duty to act in the best interests of the estate and its beneficiaries. They can face legal liability if they fail to meet this duty, such as when they act in their own interests or allow the assets in the estate to decay.
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.
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.

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