Breach of Fiduciary Duty occurs when the fiduciary, who has duties to properly manage assets for the benefit of someone else, breaches those duties through negligence, fraud, self-dealing, stealing assets, and similar actions. Breach of Fiduciary Duty claims usually seek to remove the fiduciary from his or her position and pay for any damages of the breach. This can apply to executors and administrators of estates, trustees, power of attorney, and business partnership situations.