custodial duty
[kə-ˈstō-dē-əl ˈdü-tē]
nounpl: custodial duties
dever de custódia
1. The legal responsibility to care for, protect, and maintain control over a person, property, or asset entrusted to one's care
As the executor of the estate, he has a custodial duty to protect all assets for the beneficiaries.
Como executor do testamento, ele tem um dever de custódia de proteger todos os bens para os beneficiários.
2. In family law, the obligation of a parent or guardian to provide care, supervision, and control of a child
The court determined that the mother had custodial duty over the minor children.
O tribunal determinou que a mãe tinha o dever de custódia sobre as crianças menores.
3. In financial services, the responsibility of a custodian to safely hold and manage securities or funds on behalf of clients
The bank's custodial duty includes safeguarding the investment portfolio and ensuring accurate record-keeping.
O dever de custódia do banco inclui salvaguardar a carteira de investimentos e garantir registros precisos.
In both Brazilian and American legal systems, custodial duty is a fundamental concept in family law (particularly regarding child custody), financial services, and estate management. It represents a fiduciary relationship where one party must act in the best interest of another. In Brazil, 'dever de custódia' is increasingly used in financial regulations and banking sector oversight.
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