Fiduciary Services

A fiduciary can serve a dual role with individuals and families. When illness, accident, disability or death occur in the family, there is often a need for a guardian and a conservator. Many times family members step in to provide oversight for their loved one’s care and/or financial management. When estate documents such as wills, trusts, and advance directives are in place, the process of oversight and management falls to the people named in the documents.

Unfortunately, an AARP* survey found that only 40% of Americans have the proper estate documents in place. This means 60% of the population will likely go through the probate process in the event a loved one passes away. Additionally, many family members are not in a position to oversee and ensure proper care of a living, but incapacitated, loved one. This reality can create significant guilt and hardship on a family. Since women tend to outlive spouses, there is an increasing concern for the well-being and oversight of widows in their late stages of life.

Corporate Trustees are available to oversee the financial life of a person or become the trustee when no family member is available. Some people find comfort in a large corporation for these responsibilities, other people prefer a more personal approach. In these circumstances, the court will appoint, or you will engage, an independent fiduciary to provide health and financial management. The basic roles of a fiduciary are described below.

Elder care, elder abuse, trust administration, court appointed, financial management, financial oversight, wills, health care directive, professional fiduciary, conservatorship, guardianship, probate, Riverside, CA, Orange County,  Corona, CA, Brea, CA.

Guardianship

  • Establish Communication
  • Person-Centered Care
  • Assess Physical Situation
  • Assess Social Situation
  • Assess Educational Needs
  • Assess Vocational Needs
  • Assess Support Systems
  • Identify Gaps
  • Identify Goals
  • Seek Person’s Wishes
  • Create a Plan
  • Visit Consistently
  • Monitor & Maintain
  • Advocate for Person
  • Document & Track
Elder care, elder abuse, trust administration, court appointed, financial management, financial oversight, wills, health care directive, professional fiduciary, conservatorship, guardianship, probate, Riverside, CA, Orange County,  Corona, CA, Brea, CA. care giver, trust accounting

Conservatorship

  • Assess Income
  • Assess Liability & Assets
  • Assess Budgetary Needs
  • Inventory Assets
  • Protect Assets
  • Manage With Integrity
  • Consider All Fees and Costs
  • Consider Tax Implications
  • Maintain Records
  • Follow Trust or Court Instructions
  • Ensure Proper Accounting
  • Oversee Distribution of Assets
  • Maintain Communication
  • Oversee Business Needs
  • Oversee Investment Management

* https://www.aarp.org/money/investing/info-2017/half-of-adults-do-not-have-wills.html