Can spouse be a fiduciary?

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What is a fiduciary?

A person entrusted with the power to oversee the property of another in their best interest.

What is a fiduciary agent and why would I have one?

" A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence. [1] ". A fiduciary duty is the highest standard of care at either equity or law. A fiduciary is expected to be extrem ( Full Answer )

What is fiduciary accounting?

Proper accounting for property that is entrusted to the fiduciary acting under the conditions set forth in a deed

What is fiduciary fund?

A fiduciary fund is used to account for funds or assets that areheld in trust by the government. These funds or assets are held forindividuals or other entities.

What is fiduciary issue?

Fiduciary issue is a part of the issue of notes in the past bankthat is not supported by gold. Fiduciary refers to an ethicalrelationship of trust between two or more parties.

Can a spouse testify against their spouse?

A spouse may not be forced to testify against their spouse in criminal proceedings. In divorce court, however, spouses typically tear each other to shreds, which can cause lasting psychological damage. That's why most divorces are now "no-fault" procedures, except in cases where large amounts of m ( Full Answer )

What does fiduciary mean?

Fiduciary means the trust of one person over another concerningmoney. Fiduciary means a person or bank taking care of the moneyanother person deposits or entrusts to them.

Use fiduciary in a sentence?

Congress has not done a very good job of exercising its fiduciary responsibilities to taxpayers.

What if the trustee breached her fiduciary duties and was steatling out of the trust can that irrevocable trust be changed by the grantor?

Unless the trust has provisions for removal of a trustee then an interested party would need to bring an equity petition to the appropriate court to have the trustee removed and a successor appointed. If there is a substantial amount of money involved you should seek the advice of an attorney and fi ( Full Answer )

What is a fiduciary account?

fiduciary account -- a savings account, the funds of which are owned by one individual but administered for that individual's benefit by another individual, such as a legally appointed conservator, trustee, or agent.

Can one sue a fiduciary?

Yes. A fiduciary can be sued. You should consult with an attorney who specializes in litigation who can review your situation and the reason you think the fiduciary has violated their office. That is the only way you will know if you have a plausible cause of action.

What does C.F.R. 404c require of fiduciaries?


Pennsylvania statute of limitations forBreach of fiduciary duty?

2-4 years depending on the fiduciary duty. two-year statute of limitations under § 5524(7) for malpractice and breach of fiduciary duty. four-year statute of limitations under § 5525(4) for breach offiduciary duty under contracts

Does a police officer have a fiduciary duty to the public?

No. The police officer has a duty to protect the public from the criminals. Criminals are also part of the public, and the police do not have to help the criminals make good decisions. Police interrogators are not required to assist criminal suspects, but instead are permitted to trick them into co ( Full Answer )

What part of speech is fiduciary?

It is an adjective or a noun. A fiduciary (noun) is a person who acts in a fiduciary (adjective) capacity.

Why is there no interest in spouse?

From your brief question I take it that you are referring to a lessening of sexual interest between you and your mate from the beginning of your relationship to now. This diminishment of sexual passion between long term partners is quite common and happens to almost all but those who are lucky enoug ( Full Answer )

Is a fiduciary account and an estate account the same?

A fiduciary is one who owes a duty of good faith, trust, confidence and a high standard of care in managing the property and money of another. An executor or administrator of an estate is a fiduciary. Therefore an estate account is also called a fiduciary account. The short answer to your questio ( Full Answer )

What is an example of a fiduciary monetary system is?

Money gets its value from the confidence that the public has in its acceptability. An example of such monetary system, is the United States monetary system. If you ever noticed the words in any dollar bill which says "In God We Trust" was first used in 1957. Before that date, dollar bills were sh ( Full Answer )

What are governmental fiduciary funds?

Fiduciary funds are those used to account for funds held by the government in trust for others that cannot be used to support the government's programs, for example, an employee pension fund.

What does a fiduciary bond cost?

Are you looking for an ERISA bond? Erisa and other fiduciary bonds are priced based on assets withinthe plan along with other factors that help the carriers understandthe risk of the bond being garnished. However, these bonds aren'texpensive. Most erisa bonds are less than $200 per year.

Can a HOA board of directors be sued for fiduciary neglect?

If the neglect caused damages then you may have a case. You should consult with an attorney who can review your situation and explain your rights and options. Furthermore, the bylaws of the HOA, or state law, may require that the board of directors maintain insurance covering their acts or neglec ( Full Answer )

What is a fiduciary relationship?

A fiduciary relationship is one wherein one person (let's call him Person 1 ) has placed complete confidence and trust in the business acumen and honorable intentions of another person ( Person 2 ), and "deputizes (as it were)" that trusted individual to make a sound business/financial transactio ( Full Answer )

What is fiduciary contract?

A contract in which a person is persuaded to sign a contract by a person who is in a position of power over them. For example, a teacher-student relationship.

What is a Fiduciary deed?

A fiduciary is a person who has the legal authority and responsibility to act for another. Fiduciaries are in a special position of trust and governed by laws that define their authority and provide penalties when they misbehave. Examples of fiduciaries would include trustee, executor, conservator, ( Full Answer )

Is a fidelity bond the same as a fiduciary bond?

Not exactly. There IS a commonality, and that is the protection from fraud, embezzlement, and general dishonest conduct. The most significant difference is that "fidelity" bonding is ONLY a dishonesty protection where fiduciary bonds provide much broader coverage to include a principal's due diligen ( Full Answer )

Can spouse lock other spouse out?

It depends on the state you live in! Most often, if both people have established residency and get mail delivered to that address, pay bills together or are responsible for bills, and have a financial obligation or interest to the residence - then NO, no spouse can lock the other spouse out. One can ( Full Answer )

Who is duly appointed fiduciary for the estate?

The person appointed by the probate court is the "duly appointed fiduciary". No one has the authority to settle an estate until they have been duly appointed by the probate court.

What actors and actresses appeared in Fiduciary Duty - 2010?

The cast of Fiduciary Duty - 2010 includes: Ty Kamerman as Charles Samantha Lyn Andersen as Pauline Harvey Roberts as Logan Brandy Roberts as Receptionist on Phone Stephanie Roelfs as Amanda Casey Roelfs as Featuring Allie Taylor White as Featuring Wes Worthing as Broker on Phone

What is the term for fiduciary responsibility?

Fiduciary responsibility is a term concerning good stewardship of a portfolio, or a trust fund. In the case of many trust funds, a bank is the trustee of the Trust and by the will or contract made between the grantor and in this case a bank, the bank is obligated to exercise good review and proper c ( Full Answer )