Roseville, CA estate planning & probate attorney Kristin M. Kaminski explains what a professional fiduciary is and what the advantages are of using one. She notes that a professional fiduciary can be an important consideration, particularly when there is no trustworthy individual available to manage financial affairs. This situation may arise when minor children are involved or when a reliable personal connection is lacking. Professional fiduciaries offer valuable assistance in cases with complex family dynamics, serving as neutral third parties. They are bonded and licensed by the state of California, providing an added layer of reliability and accountability.

She explains that professional fiduciaries handle these responsibilities on a daily basis, relieving the burden of trustee duties from someone with a full-time job or other commitments. Their expertise makes them particularly well-suited for the role. Most professional fiduciaries charge a reasonable hourly rate, and she recommends discussing this option with an attorney when circumstances suggest it may be necessary.