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A professional fiduciary is a valuable consideration, particularly when there’s a lack of someone trustworthy in your life to manage financial affairs. This situation may arise when dealing with minor children or if there’s a absence of trusted individuals in your circle. Professional fiduciaries can provide assistance, especially in cases with complex family dynamics, as they serve as neutral third parties. These individuals are bonded and licensed by the state of California, making them an excellent choice when a reliable personal connection is unavailable.
Professional fiduciaries handle these responsibilities day in and day out, preventing the burden of trustee duties from overwhelming someone with a full-time job. Their expertise in this area makes them well-suited for the role. Most professional fiduciaries charge a reasonable hourly rate for their services. It is advisable to discuss the option of a professional fiduciary with your attorney if you find it necessary in your circumstances.
Roseville, CA estate planning & probate attorney Kristin M. Kaminski explains what a professional fiduciary is and what the advantages are of using one. A professional fiduciary becomes a crucial consideration, especially in situations where there is a lack of someone trustworthy in one’s life to handle financial affairs. This scenario might arise, for instance, when dealing with minor children or in the absence of trusted individuals within one’s circle. Professional fiduciaries prove invaluable, particularly in navigating complex family dynamics, as they function as neutral third parties. Holding bonds and licenses from the state of California, they emerge as an excellent choice when a reliable personal connection is unavailable.
These professionals adeptly manage these responsibilities on a daily basis, sparing individuals with full-time jobs from the overwhelming burden of trustee duties. Their specialized expertise makes them well-suited for such roles, and most professional fiduciaries charge a reasonable hourly rate for their services. It is advisable to discuss the possibility of engaging a professional fiduciary with one’s attorney if such a need arises in their circumstances.