Defines the role of fiduciary

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Reference no: EM131411476

The Miriam Webster Dictionary explains/defines the role of a fiduciary as follows: “fiduciary applies to any situation in which one person justifiably places confidence and trust in someone else and seeks that person's help or advice in some matter. The attorney-client relationship is a fiduciary one, for example, because the client trusts the attorney to act in the best interest of the client at all times. Fiduciary can also be used as a noun for the person who acts in a fiduciary capacity, and fiduciarily or fiduciallycan be called upon if you are in need of an adverb. The words are all faithful to their origin: Latin fidere, which means "to trust." Discuss how the Nursing Home Administrator acts as a fiduciary and why this role is essential – three comments please.

Reference no: EM131411476

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