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Successor Fiduciary Law and Legal Definition. Successor fiduciary is the next person or organization appointed when a vacancy arises in a conservatorship or guardianship. The vacancy may arise due to aguardianâs death, removal, or resignation. Legal Definition list
The definition of fiduciary is anything related to holding something in trust for another person. An example of fiduciary is the responsibility of a banker to safeguard the depositor's money. noun. Fiduciary is defined as a person who holds something to protect it for someone else or who holds a special relationship of responsibility. An example of fiduciary is a child's legal guardian.