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What does transfer by fiduciary mean?

A fiduciary deed is used to transfer property when the executor is acting in his official capacity. A fiduciary deed warrants that the fiduciary is acting in the scope of his appointed authority but it does not guarantee title of the property.

What does fiduciary mean in legal terms?

When someone has a fiduciary duty to someone else, the person with the duty must act in a way that will benefit someone else, usually financially. The person who has a fiduciary duty is called the fiduciary, and the person to whom the duty is owed is called the principal or the beneficiary.

What is a fiduciary in Florida?

(a) \u201cFiduciary\u201d means an agent, trustee, partner, corporate officer or director, or other representative owing a fiduciary duty with respect to an instrument.

What is a deed of distribution in Massachusetts?

A deed of distribution is a fiduciary instrument executed by a personal representative (PR), who is appointed by the Probate and Family Court to administer a decedent's estate.

What is a fiduciary deed in PA?

A fiduciary deed is for use by a fiduciary such as an executor or administrator of an estate or a trustee of a trust. In this type of deed there is a warranty, but only as a fiduciary. A fiduciary does not own the property, rather they essentially manage it for another.

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What does transfer by fiduciary mean?

A fiduciary deed is used to transfer property when the executor is acting in his official capacity. A fiduciary deed warrants that the fiduciary is acting in the scope of his appointed authority but it does not guarantee title of the property.

What is a fiduciary transaction?

Fiduciary Transaction means a transaction entered into by Optimal further to an unsolicited proposal or offer from a Person, which proposal or offer is accepted by the Optimal Board in order to properly discharge its fiduciary duties.

What type of deed is most commonly used in Florida?

General Warranty Deed (Statutory Warranty Deed) When you need it: Because of its comprehensive protections, the statutory warranty deed in Florida is the most common deed type and used in the sale or purchase of almost all residential properties.

What is a release deed in Massachusetts?

A Massachusetts release deed provides a legal method for the conveyance of land and buildings from a seller to a buyer in Massachusetts. This type of deed provides no guarantee as to what the grantor owns or what other interests may have been granted in the past.

What is a trustee deed in Florida?

Trustees use this form for a trustee to transfer real estate out of a Florida living trust or land trust, or in a foreclosure situation. It meets the same content requirements as a standard warranty or quitclaim deed, but also includes relevant details about the trust, and any other information needed for the transfer.

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What does transfer by fiduciary mean?

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What does transfer by fiduciary mean?

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