True Fiduciary Service

Professional Fiduciaries serve seniors, persons with disabilities, and children. They manage matters for clients including daily care, housing, medical needs and finances.

A Professional Fiduciary should be used when a person is unable to manage their personal or financial affairs due to age, illness, or disability. A Professional Fiduciary may also be appropriate when no available family member can act, or when family members are not in a position to serve in a neutral, consistent, or effective role to support the individual’s care and carry out these responsibilities.

The process begins with an assessment of the individual’s needs. The Fiduciary then develops a plan to meet those needs, which can include daily care, financial management, and medical oversight.

The responsibilities of a Professional Fiduciary can include managing the client’s daily care, housing, and medical needs, the client’s finances, and acting as a guardian or conservator if necessary.

A Professional Fiduciary needs to be licensed and have experience in areas such as law, finance, social work, or healthcare. They also need to adhere to a code of ethics and professional conduct.

A Professional Fiduciary is typically compensated based on an hourly rate, a flat fee, or a percentage of the assets they manage. The compensation structure should be outlined in the agreement between the fiduciary and the client.