PERSONAL Fiduciary Services
A fiduciary who is hired privately or court-appointed to act as a trustee to hold assets, invest & safeguard trust assets, and distribute income/principal as directed by the trust documents for the benefit of one or more beneficiaries. The trust, which can be testamentary (irrevocable in a will) or inter-vivos (while living – can be revocable or irrevocable), must be set up when the donor is capable, and an attorney is involved in the development of the trust documents. A properly created trust can, in many cases, avoid estate probate proceedings and their attendant costs and fees. Also, a Trust Protector may be appointed, in addition to a trustee, to direct or restrain the trustee in relation to proper administration of the trust, and to ensure that the wishes of the grantor are fulfilled and that the trust continues to serve the purpose for which it was intended.
A private professional fiduciary (PPF) can be named as trustee in order to eliminate potential favoritism toward some parties as well as discrimination against others. Some trusts can be non court-supervised and are referred to as Private Trusts; however, in actual practice most trusts are operated in private and their activities are not open to public scrutiny. SoCal Private Fiduciary® can assist you in connecting with an appropriate attorney well-versed in trust & other probate matters, so that you can accomplish your personal and family goals.
A fiduciary who is court-appointed or hired privately to act as a personal representative and manage a decedent’s estate. The fiduciary may handle the final arrangements for the decedent; locates, marshals, and may liquidate assets to raise cash; receives & records income for the estate; pays remaining debts & expenses; files interim & final tax returns and pays any taxes due; files probate forms and documents with assistance of the estate attorney; and provides for distribution of remaining assets to heirs, with court approvals as needed.
A private professional fiduciary (PPF) can be named in a Last Will and Testament as an Executor/Administrator, or can be appointed if the person named in a will is unable or unwilling to serve, or if the decedent dies intestate (without a will). A special administrator may be enabled in an ex parte appointment to act for specific/limited purposes so precious time is not lost to accomplish certain imminent and important estate tasks. Again, SoCal Private Fiduciary® can assist you in connecting with an appropriate attorney well-versed in estate & probate matters, so that you can accomplish your personal and family goals.
A fiduciary who is hired privately or court-appointed to undertake the responsibility for managing the financial affairs of another person (the conservatee), who is unable or unwilling to do so for her/himself. Naming a private professional fiduciary (PPF) as conservator can eliminate potential favoritism toward some parties as well as discrimination against others.
A fiduciary who is court-appointed or hired privately to undertake the responsibility for managing the personal care and protection of another person (the conservatee), who is unable or unwilling to do so for her/himself. Again, consider naming a private professional fiduciary (PPF) as conservator who has the training, expertise, and time to properly handle these types of matters on a normal every-day basis.
A fiduciary who is hired privately to gather, evaluate, plan, implement, coordinate, and monitor the options and services required to meet a client’s various personal service needs, such as health care, nursing, rehabilitation, social work, insurance, employment, accounting, finances, and some legal matters under a POA.
A fiduciary who is hired privately to act with the authority to receive another person’s public benefits and can be engaged to help that person manage his or her finances.
A fiduciary who is hired privately to act with the authority to manage another person’s finances for paying bills, receiving revenues, or both.
Our Professional Fiduciary Consulting services are available to individuals, families, business clients, health & tax professionals, attorneys, and other fiduciaries (see “Mentor” below if you are unlicensed). Your problems can be researched and analyzed, and have creative solutions developed, implemented, and reported in a timely manner to produce effective results.
Also, appropriate supporting or refuting expert witness depositions and testimony can be provided in probate or family court, with or without prior investigation, research, or forensic analysis performed on our part, depending upon the needs and circumstances of your case.
Do you need an independent Professional Fiduciary to advise/confirm your options, or just a second “pair of eyes” to recheck matters? Get the help you need from a CA Licensed Private Professional Fiduciary today! We have the requisite training and experience that you can draw on for you to do the best job. Contact us today to learn how we can help you stay in control of your responsibilities.
>>> Are you an unlicensed fiduciary? − someone who works as a trustee, estate administrator, conservator, or guardian, but not trained or not sure of how to perform the required tasks of your position? We can be a fiduciary mentor to provide you knowledge and assistance on a confidential basis, so that you can continue to manage and succeed in your fiduciary role. To find out how we can help you quickly, contact us today to discuss your situation and learn how you can perform your role responsibly with Private Professional Fiduciary support.