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

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17y ago

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What is a fiduciary receipt?

Typically, a fiduciary prudently takes care of money for another person. So a "fiduciary receipt" is a document that a person acting in capacity of a fiduciary for another person would get in order to allow an audit of the discharge of their duties - part of a fiduciary account.


What is fiduciary issue?

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


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 question is yes.


What relationship entitles the company to an accounting even without the necessity of showing something due from the agent?

The relationship that entitles a company to accounting without needing to show something due from the agent is typically that of a fiduciary relationship. In such cases, the agent is entrusted with managing the assets or interests of the principal and is obligated to provide a full account of their actions and transactions. This accountability arises from the trust placed in the agent to act in the best interest of the principal, regardless of any outstanding debts or obligations.


What are the subfields of accounting?

1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting

Related Questions

What has the author J G Denhardt written?

J. G. Denhardt has written: 'Complete guide to trust accounting and trust income taxation' -- subject(s): Accounting, Taxation, Trusts and trustees 'Complete guide to fiduciary accounting' -- subject(s): Accounting, Trusts and trustees


How do I question division of my father's estate?

You ask the executor or administrator for an accounting. If they do not provide one, you ask the probate court to call the executor or administrator before it to produce the required accounting (and to post a fiduciary bond, while you're at it).


How do you obtain funds that are deposited in a fiduciary account?

The fiduciary is the person with the authority to make deposits to and withdrawals from a fiduciary account. If the original fiduciary cannot act a new fiduciary must be appointed.


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.


What is the difference between the trustee and the fiduciary of a trust?

fiduciary and trustee


What is a fiduciary receipt?

Typically, a fiduciary prudently takes care of money for another person. So a "fiduciary receipt" is a document that a person acting in capacity of a fiduciary for another person would get in order to allow an audit of the discharge of their duties - part of a fiduciary account.


When was Fidelity Fiduciary Bank created?

Fidelity Fiduciary Bank was created in 1964.


What is a fiduciary service?

A fiduciary service is a trust impose in a person to act on someone's behalf


What is the legal action against a executor who can't provide answer for missing funds from a estate?

The most common charge would be fraud. Another is breach of fiduciary duties. The court can request a full accounting from the executor.


What are the key differences between a 3(38) fiduciary and a 3(21) fiduciary?

The key difference between a 3(38) fiduciary and a 3(21) fiduciary is the level of discretion and responsibility they have in managing a retirement plan. A 3(38) fiduciary has full discretion and control over the investment decisions, while a 3(21) fiduciary provides investment recommendations but does not have final decision-making authority.


What are the obligation of an executor to the heirs of an estate?

To insure that the estate is settle correctly and efficiently to maximize the heirs inheritance and to provide clean title to property. A full accounting of the estate and its assets must be produced.


The meaning and spelling of fiduciary?

FIDUCIARY : pertaining to the control or management of property for another, as in guardians and trustees.