fiduciary in a sentence
a.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Fiduciary: a person or entity entrusted with the responsibility to act in the best interest of another party, particularly in financial or legal matters.
Sample Sentences
- A fiduciary must always act in the best interest of their clients.
- The lawyer had a fiduciary duty to manage the estate according to the deceased's wishes.
- Investors often rely on fiduciary advisors to guide their financial decisions.
- The fiduciary relationship between the trustee and the beneficiaries is built on trust and transparency.
- When choosing a financial planner, it's crucial to ensure they operate under a fiduciary standard.
- A fiduciary has a legal obligation to act in the best interest of their clients.
- The trust was managed by a fiduciary who ensured all decisions were made transparently.
- In financial planning, a fiduciary advisor can provide invaluable guidance for long-term investments.
- The relationship between the lawyer and the client is inherently fiduciary, built on trust and confidentiality.
- It is crucial for investors to understand whether their financial advisors operate under a fiduciary standard.