Contact Us To Schedule A Consultation (650) 727-0900

Lauren on the Law

Using Private Professional Fiduciaries

Posted by Lauren Rios | Jan 23, 2019 | 0 Comments

Pexels photo 886465

During your lifetime, and while you are able to do so, you have the power the manage your financial affairs. What that means is if you have an estate plan that includes a revocable living trust, you act as the current trustee using your trust assets to benefit yourself. In the event you become incapacitated (or upon your death), another person called the successor trustee steps in to manage your trust affairs. The successor trustee can be a surviving spouse, a close friend, or an adult child or a combination of the above. If you are struggling to decide who you would want to be your successor trustee, you may want to consider using a Private Professional Fiduciary (PPF). A Private Professional Fiduciary is a person licensed by the Professional Fiduciaries Bureau under the California Department of Consumer Affairs, and their role is to help others manage their personal and financial affairs. It is not uncommon for a professional fiduciary to play a number of roles, including trustee, guardian, estate executor, money manager, healthcare representative, agent under a power of attorney or conservator for a conservatee. For more information about private professional fiduciaries and to find fiduciaries in your county of residence, you may visit Professional Fiduciary Association of California at https://pfac-pro.org.    

About the Author

Lauren Rios

Attorney Lauren Rios established her estate planning process on the philosophy that everyday people deserve access to the exemplary services of a big firm, but with the personal touch of a smaller firm. This belief is reflected in her delivery provided to her clients in the Bay Area.

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Why Choose Our Firm

Our counsel is distinguished in our profession for many reasons. One that we pride ourselves the most in, is the fact that our professionals are experienced and totally committed to tending to each and every one of our client's estate needs and concerns.

Menu