đŸ€± Fiduciary Responsibility

Definition

  • A guardian, also known as a ‘fiduciary steward’, is a competent adult acting on behalf of another person who lacks present capacity for moral agency.
  • “Guardianship may arise from natural relationships (e.g., parent-child, close family ties with disabled persons), contractual arrangements, or community customs. Guardians are bound by [the Legal Principle], must act in the incapacitated person’s best interest, and are subject to review by impartial arbitration upon reasonable challenge.” – Stephan Kinsella
  • There are some gray areas regarding fiduciary duty, including when a child becomes a competent adult, at which point the caregiver’s fiduciary duty ends.
  • Breaching a Fiduciary Duty is one of the eight forms of aggressing (a breach of the Legal Principle).