What is a feuditary account?

A feuditary account is a term used in finance to describe an account that holds funds or assets in trust for a beneficiary, typically within a fiduciary relationship. This type of account is managed by a fiduciary, such as a trustee or executor, who has a legal and ethical obligation to act in the best interests of the beneficiary. Feuditary accounts are often established for estate planning, investment management, or to manage assets for minors or individuals unable to manage their own finances.