Frequently Asked Questions
What is a professional fiduciary?
Fiduciaries advocate for their clients by helping them to protect themselves, property, and their wishes for the future beneficiaries of their estates. Fiduciaries can act as a trustee, agent under power of attorney, executor, daily money manager, guardian or conservator.
Who needs a fiduciary?
Senior Citizens, in particular, may need a fiduciary due to physical changes such as limited vision, arthritis or other conditions that make it difficult to write, forgetfulness, dementia or the simple loss of the ability to keep up with everyday tasks. Also, for those seniors that are active in their retirement and are to busy or don’t want to spend their valuable time handling their personal affairs.
What are the benefits of hiring a fiduciary?
If I hire a fiduciary, do I still need an accountant, lawyer, or social worker?
Fiduciaries can provide referrals to legal, tax, and investment professional, as well as, community resources.