What is a California Licensed Fiduciary?

Professional fiduciaries in California are licensed and regulated by the state, and they are required to adhere to a strict code of ethics. To become a licensed fiduciary, individuals must complete required courses set by the licensing bureau, pass a comprehensive exam, participate in continuing education, undergo a clean background check, and be bondable. 

These professionals handle various responsibilities for their clients, including: 

• Administering trusts and estates impartially, ethically, and economically
• Advocating for the financial and physical safety of vulnerable individuals
• Acting on behalf of clients to make informed decisions regarding their finances and medical care
• Managing and overseeing investments with trusted financial advisors
• Conducting budget analyses
• Supervising property sales and managing property
• Operating a trust business when applicable
• Ensuring timely tax filings
• Paying bills as needed
• Securing loans
• Preparing fiduciary accounting
• Managing essential personal services for seniors, disabled individuals, minors, and others who require special assistance with their finances and health
• Ensuring neutrality and impartiality in disputed trust and estate matters enables all beneficiaries to receive their rightful share from their family trust or estate.

Professional fiduciaries can serve in various roles, including Trustee, Agent under a Durable Power of Attorney, Administrator, Executor of a Will, Guardian of the Person, Conservator of the Estate, and others.

Legally, a fiduciary is entrusted with the highest level of confidence to manage and safeguard the client's personal affairs, property, or assets.

Today, a Professional Fiduciary is a highly trained individual who provides essential support to you, your loved ones, the courts, and other professionals. 

They are entrusted with safeguarding your interests and ensuring your desired quality of life. With a deep understanding of California Probate Codes, they skillfully implement these regulations to address the diverse needs of their clients.