Alabama Code 19-3-150. “Fiduciary” defined
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Terms Used In Alabama Code 19-3-150
- Decedent: A deceased person.
- Executor: A male person named in a will to carry out the decedent
- Inter vivos: Transfer of property from one living person to another living person.
- Trustee: A person or institution holding and administering property in trust.
As used in this article, the term “fiduciary” means the executor of a will, the administrator of a decedent‘s estate or the trustee of an express inter vivos or testamentary trust, and includes both individual and corporate fiduciaries.