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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
1. Law. a person to whom property or power is entrusted for the benefit of another. adj. 2. Law. of or pertaining to the relation between a fiduciary and his or her principal. 3. of, based on, or in the nature of trust: fiduciary obligations of governments. 4. depending on public confidence for value or currency, as fiat money. [1585â95; < Latin fÄ«dÅ«ciÄrius held in trust =fÄ«dÅ«ci(a) trust + -Ärius -ary] fiâ¢du`ciâ¢arâ²iâ¢ly, adv.