This activity sheet is for heavy equipment operators and their supervisors. It should be used in conjunction with the activity sheet for the activity in which the heavy equipment is being used (building demolition, utility restoration). Additionally, operators of cranes and aerial lifts should also refer to the precautions outlined in the activity sheets for those operations.
A fiduciary relationship can be found where, in the actual circumstances of the relationship, the principal can expect the fiduciary to act in his (the principal's) interests in the relationship in a fiduciary manner.
Fiduciary fees are claimed as ordinary income. A fiduciary is a person in a position of trust in the management of money. Often, fiduciary fees are charged by the executor or trustee of an estate. These roles may be filled by a family friend or relative. At other times, particularly with larger estates, the fiduciary roles are filled by an institution -- a trust company or the trust department of a bank.