Michigan Laws 700.1506 – Duties of fiduciary in interest of beneficiaries
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 700.1506
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiduciary: A trustee, executor, or administrator.
- Fiduciary: includes , but is not limited to, a personal representative, funeral representative, guardian, conservator, trustee, plenary guardian, partial guardian, and successor fiduciary. See Michigan Laws 700.1104
A fiduciary shall invest and manage fiduciary assets solely in the interest of the beneficiaries.