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  2. Trust (law) - Wikipedia

    en.wikipedia.org/wiki/Trust_(law)

    The beneficiaries are equitable owners of the trust property. Trustees have a fiduciary duty to manage the trust for the benefit of the equitable owners. Trustees must provide regular accountings of trust income and expenditures. A court of competent jurisdiction can remove a trustee who breaches their duty.

  3. United States trust law - Wikipedia

    en.wikipedia.org/wiki/United_States_trust_law

    Qualified beneficiaries" are defined as a beneficiary who, on the date the beneficiary's qualification is determined: (A) is a distributee or permissible distributee of trust income or principal; (B) would become a distributee or permissible distributee of trust income or principal if a present distributees' interest ended on that date without ...

  4. Custodial account - Wikipedia

    en.wikipedia.org/wiki/Custodial_Account

    A custodial account is a financial account (such as a bank account, a trust fund or a brokerage account) set up for the benefit of a beneficiary, and administered by a responsible person, known as a legal guardian or custodian, who has a fiduciary obligation to the beneficiary. [1]

  5. What is a fiduciary duty? - AOL

    www.aol.com/finance/fiduciary-duty-200000841.html

    Fiduciary duties are important because they protect the interest of vulnerable clients. Without these responsibilities, the beneficiary may not be confident in the relationship. Examples of a ...

  6. Can I Name a Minor as a Beneficiary? - AOL

    www.aol.com/finance/name-minor-beneficiary...

    You cannot name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies. The significant exception to this rule is trusts. You ...

  7. Fiduciary Duties in Trusts and Estate Planning - AOL

    www.aol.com/news/fiduciary-duties-trusts-estate...

    Continue reading ->The post Fiduciary Duties in Trusts and Estate Planning appeared first on SmartAsset Blog. As you plan how you will leave your estate, it's important to your family’s future ...

  8. Fiduciary - Wikipedia

    en.wikipedia.org/wiki/Fiduciary

    Fiduciary duties in a financial sense exist to ensure that those who manage other people's money act in their beneficiaries' interests, rather than serving their own interests. A fiduciary duty [5] is the highest standard of care in equity or law.

  9. I'm a Beneficiary. Can I Sue an Executor? - AOL

    www.aol.com/finance/beneficiary-sue-executor...

    Beneficiaries also have the right to sue the executor of an estate if they believe that a breach of fiduciary duty has occurred. Fiduciary duty compels people who are fiduciaries, including ...