A CANDID GUIDE FOR CAREGIVERS Eldercare Confidential is for the caregivers and caretakers who are often thrust into the role of fiduciary, either by legal appointment or by assuming the role because of their relationship to the elderly person who needs caretaking. Typically, this is a close relative, like a parent. The duties of a fiduciary spelled out by laws include loyalty and reasonable care of the assets within custody. This is more than a moral responsibility; this is a legal obligation.