Trusts Attorney in Los Angeles, California

What is a fiduciary and how should I pick one?

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00:04
a fiduciary
00:05
is someone who has a legal
00:07
responsibility to someone else
00:09
a fiduciary is a trustee of a trust a
00:12
fiduciary
00:14
is a personal representative sometimes
00:16
called an executor
00:18
named in the will it could be a guardian
00:21
a conservator
00:22
so it’s all these people who are legally
00:25
entrusted relationships and most
00:29
people feel that if you’ve been named as
00:31
a fiduciary in any of those capacities
00:34
that it’s an honor and actually it’s not
00:37
it’s a lot of work and you want to make
00:39
sure that you’ve named
00:41
the right people with the right skill
00:43
set to fill
00:44
that role a trustee is usually the one
00:47
dealing with
00:49
all the financial assets you want
00:51
someone who is used to working with
00:53
professionals accountants attorneys they
00:56
can dot their eyes and cross their t’s
00:59
the guardian is someone who could
01:01
provide
01:02
physical well-being and happiness to
01:05
your
01:06
child should you be unable to and
01:09
the personal representative and the
01:11
executor also
01:13
is someone who can dot their eyes cross
01:15
their t’s used to working with
01:17
professionals
01:18
and can help settle your financial
01:21
affairs
01:22
or manage your financial affairs as a
01:25
trustee
01:26
when you’re unable to so it’s really
01:28
important to make sure
01:30
that you’ve got the right people in the
01:32
right spots with the right skill set

Los Angeles, CA Estate Planning & Probate lawyer Jill Eshman explains what a fiduciary is and how you should pick one?

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