What is Fiduciary Bonds?

by khayeAbad » Wed Jun 30, 2010 06:27 pm

A fiduciary is someone who agrees to take care of the property or needs of another person, to that person's benefit. These are also known as executors or guardians. The fiduciary is an important figure and should be one of utmost integrity, who is above all, trustworthy.

A fiduciary bond is a judicial bond that guarantees the performance of all duties by the fiduciary. This type of bond is required by the court in order to protect the person for whom the fiduciary is acting. A fiduciary's responsibilities can range from giving financial advice to managing an entire estate.

There are different types of fiduciary bonds such as guardianship, conservator, administrator, receiver, executor, and trustee bonds.

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Total Comments: 1

Posted: Wed Jun 30, 2010 11:12 pm Post Subject:

tinyurl.com/2c4ygw9


some people :roll:

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