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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
Custodian-in-Fact - An emergency, temporary payee for a beneficiary incapable of managing his or her VA benefits, certified by VA when payments cannot be timely made to an existing or successor fiduciary, or when payment to such existing or successor fiduciary would be inappropriate under the circumstances.