When you sign an estate planning document such as a revocable living trust or a will, you appoint someone to handle your assets for you. The person you choose to handle things for you is called a “fiduciary.” A “fiduciary” is in a position of great trust and responsibility. A fiduciary named in your document usually has the power to buy, sell and manage assets for you.

When you sign an estate planning document such as a revocable living trust or a will, you appoint someone to handle your assets for you. The person you choose to handle things for you is called a “fiduciary.” A “fiduciary” is in a position of great trust and responsibility. A fiduciary named in your document usually has the power to buy, sell and manage assets for you.