What context can I use each word in?
Learn when and how to use these words with these examples!
trustee
Example
The trustee is responsible for managing the trust fund and ensuring that it is used for its intended purpose. [trustee: noun]
Example
She was appointed as the trustee of her grandfather's estate after he passed away. [trustee: noun]
fiduciary
Example
As a financial advisor, she has a fiduciary duty to act in the best interest of her clients. [fiduciary: adjective]
Example
The executor of the will has a fiduciary responsibility to manage the estate for the benefit of the beneficiaries. [fiduciary: noun]
Good things to know
Which word is more common?
Trustee is more commonly used in the context of trusts and estates, while fiduciary is more commonly used in the context of financial and legal matters.
Whatโs the difference in the tone of formality between trustee and fiduciary?
Fiduciary has a more formal and legal connotation than trustee, but both words can be used in formal and informal contexts depending on the situation.
