N.Y. Estates, Powers and Trusts Law 1-2.7 – Fiduciary
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§ 1-2.7 Fiduciary
Terms Used In N.Y. Estates, Powers and Trusts Law 1-2.7
- Donee: The recipient of a gift.
- Fiduciary: A trustee, executor, or administrator.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Trustee: A person or institution holding and administering property in trust.
A fiduciary is a person who meets the description, in this part, of a "personal representative" or who is designated by the creator or by the court to act as an assignee for the benefit of creditors, or a committee, conservator, curator, custodian, guardian, trustee or donee of a power during minority.