THE ROLE OF A FIDUCIARY

Professional fiduciaries are entrusted to provide financial and healthcare options to ensure a client’s wishes are followed during a change in life circumstances. Agent for healthcare power of attorney options are available during the lifetime of the client, especially in circumstances of diminished capacity. Financial services may be appropriate during the lifetime of the client should a client need assistance, or post-death, to handle the administration and distribution of the estate.

Conservatorship of the Estate or Durable Powers of Attorney for Finances

CONSERVATORSHIP OF THE ESTATE OR DURABLE POWERS OF ATTORNEY FOR FINANCES

  • Open bank, brokerage and other investment accounts, and oversight of investments
  • Identify assets and title appropriately, especially to protect against fraud or elder abuse
  • Work with insurance providers
  • Deal with judgments and creditors
  • Develop budget, especially with respect to necessary care
  • Communicate with family members as appropriate