Roseville, CA estate planning & probate attorney Kristin M. Kaminski explains what a professional fiduciary is and what the advantages are of using one. A professional fiduciary becomes a crucial consideration, especially in situations where there is a lack of someone trustworthy in one’s life to handle financial affairs. This scenario might arise, for instance, when dealing with minor children or in the absence of trusted individuals within one’s circle. Professional fiduciaries prove invaluable, particularly in navigating complex family dynamics, as they function as neutral third parties. Holding bonds and licenses from the state of California, they emerge as an excellent choice when a reliable personal connection is unavailable.

These professionals adeptly manage these responsibilities on a daily basis, sparing individuals with full-time jobs from the overwhelming burden of trustee duties. Their specialized expertise makes them well-suited for such roles, and most professional fiduciaries charge a reasonable hourly rate for their services. It is advisable to discuss the possibility of engaging a professional fiduciary with one’s attorney if such a need arises in their circumstances.