What is a Fiduciary?

A Fiduciary is a person who assumes responsibility for a position of trust. The person will place their trust in the fiduciary to be accountable and manage affairs for that person, not for the benefit of the fiduciary. There is a huge element of trust involved, especially if the person receiving services becomes ill, frail, or incapacitated.



A Fiduciary can be a:

Trustee- An individual or a court appoints a Trustee to manage a Trust.

Power of Attorney-

A Fiduciary can be appointed by an individual to be their Power of Attorney for Health care or as a Durable Power of Attorney. In this role, the Fiduciary can make decisions for the individual if they become disabled, as well as final burial arrangements after death.

Personal Representative-

A Fiduciary can be appointed by the probate court or an individual to act as the Administrator or Executor of a decedent's estate.

Representative Payee-

A Fiduciary can be designated by Social Security to receive the funds of an individual who has been deemed incapacitated, taking on the bill paying responsibilities.

Conservator/ Guardian-

A Conservator of Person is appointed by the court to manage a person's health and welfare when they have been deemed physically or mentally incapacitated.

A Conservator of Estate manages the assets of the Conservatee.

 



Testimonial

 "I am pleased to write a recommendation for Raj.

He is an outstanding man of integrity and skill.

Raj would be an asset to any organization or on an individual client basis."

~Patricia Weaver~

currently lives in Rossmoor 's

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