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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
A fiduciary is any person or institution that has the power to act on behalf of another in situations that require great trust, honesty, and loyalty. Fiduciaries include accountants, attorneys, bankers, business advisers, financial advisers, mortgage brokers and real estate agents.