What is the term for individuals who serve in fiduciary roles under probate law?

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The term for individuals who serve in fiduciary roles under probate law is fiduciaries. A fiduciary is someone who has the legal and ethical obligation to act in the best interest of another party, commonly involving managing assets or making decisions pertaining to the estate of a deceased person. This role requires a high standard of care and loyalty, as fiduciaries must put the interests of the beneficiaries above their own.

In the context of probate law, fiduciaries may include executors, who are specifically responsible for carrying out the directives of a will, and trustees, who manage assets held in trust for the benefit of beneficiaries. However, the broader term "fiduciaries" encompasses all such individuals, highlighting their responsibility to fulfill their duties with integrity and transparency.

Understanding this definition clarifies the importance of the fiduciary role within the probate process, as these individuals are entrusted with significant responsibilities that directly affect the distribution of an estate and the welfare of beneficiaries.

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