Fiduciary – In the area of Estate Law, usually the term is synonymous to “assigned trustee”, which is the classic form of a fiduciary relationship. A fiduciary has rights and powers which would normally belong to another person, but have been assigned to him. The fiduciary holds those rights which he or she must exercise to the benefit of the beneficiary. A fiduciary must not allow any conflict of interest to infect their duties towards the beneficiary and must exercise a high standard of care in protecting or promoting the interests of the beneficiary. Fiduciary responsibilities exist for persons other than trustees such as between solicitor and client and principal and agent.

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