Fiduciary Duty
The legal duty to act loyally and carefully in someone else's interest, not your own.
What Fiduciary Duty means in an estate
Anyone who manages money or property for another person, such as an executor, administrator, trustee, or agent under a power of attorney, owes a fiduciary duty. It means putting the estate and its beneficiaries first, avoiding self-dealing, keeping estate money separate from personal money, and keeping accurate records. A fiduciary who breaches this duty can be held personally responsible to the beneficiaries for the loss.
How this works in your state
The concept is national, but the forms, procedure names, thresholds, and filing practice vary by state. Open your state glossary and guides to see how fiduciary duty is handled where the estate is being settled.
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Information current as of April 4, 2026
Settled Estate is not a law firm, and this content is for informational purposes only and does not constitute legal advice. Probate laws and procedures in your state can change. Consult with a qualified attorney for advice specific to your situation. Full disclaimer.