Common use of Fiduciary Clause in Contracts

Fiduciary. A fiduciary is a person or organization named by will, trust or other legal document or appointed by the court to manage the funds or property of another. A fiduciary may be named in a written Agreement, such as a trust or a power of attorney, or may be appointed by a court. If You have opened an account as a fiduciary the funds belong to the trust estate and only the trustee(s) may withdraw funds or otherwise transact business with us for this type of account. We may require that You give us a certified copy of any trust instrument, court order or decree appointing You as a fiduciary. Whether or not a copy is filed with us, We will not be held responsible for the contents or for any duty You may owe as trustee to any trust beneficiaries. The law and the trust document or court order or decree will define Your rights and duties as fiduciary.

Fiduciary. A fiduciary is a person or organization named by will, trust or other legal document or appointed by the a court to manage the funds or property of another. A fiduciary may be named in a written Agreement, such as a trust or a power of attorney, or may be appointed by a court. If You you have opened an account as a fiduciary fiduciary, the funds belong to are controlled by you, and not the trust estate and only person for whom you have been appointed a fiduciary, except as otherwise required or permitted by law, including court orders; provided that in the trustee(s) case of a power of attorney, the account owner may withdraw funds or otherwise transact business with us for this type of accounton the account as described below. We may require that You you give us a certified copy of any trust instrument, court order or decree appointing You you as a fiduciary. Whether or not a copy is filed on file with us, We we will not be held responsible for the instrument’s contents or for any duty You you may owe as trustee fiduciary to any trust beneficiariesbeneficiaries or the account owner(s). The law and the trust document instrument or court order or decree appointing you as fiduciary will define Your your rights and duties as fiduciary.

Fiduciary. A fiduciary is a person or organization named by will, trust or other legal document or appointed by the court to manage the funds or property of another. A fiduciary may be named in a written Agreementagreement, such as a trust or a power of attorney, or may be appointed by a court. If You you have opened an account as a fiduciary the funds belong to the trust estate and only the trustee(s) may withdraw funds or otherwise transact business with us for this type of account. We may require that You you give us a certified copy of any trust instrument, court order or decree appointing You you as a fiduciary. Whether or not a copy is filed with us, We we will not be held responsible for the contents or for any duty You you may owe as trustee to any trust beneficiaries. The law and the trust document or court order or decree will define Your your rights and duties as fiduciary.