What are the fiduciary's duties outlined under Arizona law?

The duties of a fiduciary, as outlined under Arizona law, emphasize the importance of loyalty, care, and good faith towards the beneficiary. A fiduciary is expected to act in the best interests of the person or entity they are representing, ensuring that their actions promote the welfare of the beneficiary above their own interests. This principle is critical in maintaining trust and integrity within fiduciary relationships.

Loyalty signifies that the fiduciary must prioritize the interests of the beneficiary, avoiding conflicts of interest or any actions that might harm the beneficiary's position. The duty of care requires the fiduciary to act with a level of diligence and skill that is appropriate and necessary, ensuring that decisions made are informed and prudent. Good faith refers to the honesty and sincerity of actions taken on behalf of the beneficiary, reaffirming the trust placed in the fiduciary’s hands.

In contrast, the other options do not encapsulate the essence of fiduciary responsibility. Confidentiality and secrecy might describe a part of the fiduciary's obligations, but they do not incorporate the broader scope of loyalty, care, and good faith required under Arizona law. Profit-making activities and personal benefit reflect a focus on self-interest, which stands in stark opposition to a fiduciary's role of serving the beneficiary