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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
noun, plural fiduciaries. 1. Law. a person to whom property or power is entrusted for the benefit of another. adjective. 2. Law. of or relating to the relation between a fiduciary and his or her principal: a fiduciary capacity; a fiduciary duty. of, based on, or in the nature of trust and confidence, as in public affairs: a fiduciary obligation of government employees. depending on public confidence for value or currency, as fiat money.