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LSDefine

Simple English definitions for legal terms

dilatory fiduciary

Read a random definition: Board of Veterans’ Appeals (BVA)

A quick definition of dilatory fiduciary:

A fiduciary is someone who is responsible for taking care of someone else's money or property. They have to be honest and trustworthy and always act in the best interest of the person they are taking care of. A dilatory fiduciary is someone who is taking too long to do their job and is not doing it as quickly as they should be. There are also other types of fiduciaries, like temporary ones who are only in charge for a short time, and successor fiduciaries who take over for someone else.

A more thorough explanation:

Definition: A dilatory fiduciary is a trustee or other fiduciary who is unreasonably slow in administering an estate.

Explanation: A fiduciary is a person who is required to act for the benefit of another person on all matters within the scope of their relationship. They owe the duties of good faith, trust, confidence, and candor to the other person. A dilatory fiduciary is someone who is appointed to manage an estate but is taking an unreasonable amount of time to do so.

Example: For example, if a person dies and leaves behind a will, the executor of the will is the fiduciary who is responsible for administering the estate. If the executor is taking an unreasonably long time to distribute the assets to the beneficiaries, they can be considered a dilatory fiduciary.

Additional Example: Another example of a dilatory fiduciary could be a trustee who is appointed to manage a trust but is taking an unreasonable amount of time to make distributions to the beneficiaries.

dilatory exception | dilatory motion

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triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
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