What is one of the main duties of a fiduciary according to fiduciary law?

One of the primary responsibilities of a fiduciary is to keep beneficiaries informed about decisions that affect their interests. This duty stems from the fiduciary’s obligation to act in the best interests of the beneficiaries, ensuring transparency and communication throughout the decision-making process. By keeping beneficiaries informed, a fiduciary fosters trust and allows beneficiaries to understand how decisions impact their rights and benefits.

This transparency is crucial in a fiduciary relationship, as it helps to prevent misunderstandings and disputes between the fiduciary and the beneficiaries. The duty to inform is foundational in promoting an ethical and responsible approach to managing the assets or affairs at hand, ensuring that beneficiaries can have clarity on actions taken and can hold fiduciaries accountable for their management.

The other choices do not align with the ethical responsibilities inherent in fiduciary relationships, as they focus on self-interest or actions that could jeopardize beneficiaries' interests.