Fiduciary

In many legal and financial arrangements, a fiduciary is a person entrusted to act in the best interests of someone else. While fiduciaries are often professionals such as lawyers, accountants, or corporate trustees, there are many situations where the fiduciary is a non professional. This could be a family member, a close friend, or an … Read more

Defalcation while acting in a fiduciary capacity is a legal and financial concept commonly discussed in bankruptcy law, trust management, corporate governance, and professional ethics. The term defalcation generally refers to the misuse, misappropriation, or failure to properly account for money or property entrusted to someone in a position of responsibility. A fiduciary capacity exists … Read more