A fiduciary is a person or organization that acts, in a legal role, in the best interests of another party such as a broker, banker, attorney, or trustee.
Good faith in real estate refers to the intent to act honestly and sincerely without any intention to defraud or deceive others. This concept is pivotal in establishing trust between parties involved in property transactions.
A testamentary trust is a trust established in accordance with the instructions left in a person's will and becomes active only after the death of the testator.
A legal arrangement where property is transferred to a trustee, who manages it for the benefit of the beneficiary.
