What is a Professional Fiduciary?

A professional fiduciary may serve in many different roles.  They can serve by court appointment as guardians, conservators and personal representatives of estates.  They also serve by agreement as trustees, representative payees or as agents under powers of attorney.   Professional fiduciaries provide critical services to seniors, disabled persons, and children. They manage matters for clients including daily care, housing and medical needs, and also offer financial management services ranging from basic bill paying to estate and investment management.

In 2007, the Professional Fiduciaries Bureau was created by legislation to regulate non-family member professional fiduciaries, including conservators, guardians, trustees, and agents under a durable power of attorney.  In order to become a licensed fiduciary, the individual must pass an examination and complete thirty hours of approved education courses.  For more information about the Professional Fiduciaries Bureau, you can visit:   http://www.fiduciary.ca.gov/.