In personal fiduciary accounts, who is typically entitled to the principal?

In personal fiduciary accounts, the principal refers to the original sum of money or the core assets that are held in trust or managed by a fiduciary on behalf of beneficiaries. The question revolves around who is entitled to this principal.

The most appropriate answer here is that the assets themselves represent that principal within the fiduciary account. While income beneficiaries receive the income generated from the principal, they do not have claim to the principal itself. Remaindermen, on the other hand, are typically entitled to the principal upon the termination of the trust or upon certain conditions being met.

Therefore, understanding the nature of the fiduciary relationship and the categorization of beneficiaries is critical. In this context, when discussing who is entitled to the principal in a fiduciary setting, it fundamentally relates to the concept of the assets being the principal. Thus, assets in the account represent the wealth that will ultimately be allocated according to the terms of the fiduciary agreement.