In Latin it is where we can establish that the etymological origin of the fiduciary term is. Specifically, it derives from “fiduciarius”, which is the result of the sum of the following lexical components:
-The noun "fides", which can be translated as "faith."
-The particle "-ia", which is used to indicate "quality".
-The suffix "-ario", which is synonymous with "reference".
The term trust It has several uses. The first meaning that mentions the Royal Spanish Academy (RAE ) in his dictionary refers to what depends on the trust and credit you get .
In a similar sense, the agreement or operation based on the agreement is qualified as fiduciary. trust . A fiduciary value , for example, is issued on behalf of money with the promise to exchange it, in the future, for it.
The fiat currency or the fiat money In this context, it assumes a value that is not intrinsic, but is granted by convention. East money It is based on the trust of society and does not have an endorsement given by reserves of some precious metal (such as gold or silver). The only thing that sustains the fiat currency is the promise of payment made by the issuing entity.
At present, most of the money circulating in the world is fiduciary: banknotes and the coins they have the value that declares the State . The material support is not valuable in itself, but the important thing is the valuation granted by the monetary authority that is responsible for the issuance and the trust that people who accept money have as a means of payment.
Fiduciary, on the other hand, is the name the individual receives to whom another subject transmits goods to manage them for the benefit of a third party. In a escrow , the trustee receives the trustor's assets to be dedicated to his administration, enforcing the purposes indicated and defending the estate.
If we talk about an inheritance we find three important figures, including those of the fiduciary heir:
-First, there is the deceased or trustor, who is the one who establishes in his will the operation of the trust in relation to the assets of which he is the owner and who has bequeathed.
-Secondly, we have to refer to the fiduciary or fiduciary heir who is the person who receives the estate in question, but not for himself. Specifically, its function is to administer and protect that aforementioned assets so that, when the time is indicated, transmit it to the trustee heir.
-Finally, there is the figure of the said heir trustee, who is the final heir. Yes, it will be the one that will receive the heritage that has been bequeathed from the aforementioned fiduciary.
It is also important to know that the trustee will determine in his will if the fiduciary heir will only be in charge of conserving and delivering the assets at the appropriate time to the trustee heir or, in addition, he will have to be in charge of the administration and management of said legacy. Moreover, it is even possible that it is determined that you can enjoy the heritage during a specific time.