What You Need to Know About Professional Fiduciaries
by Blaine F. Aikin
When creating your trust, it is important to consider who you will entrust to fulfill your wishes when you are no longer able to make your own financial decisions. Electing a California Licensed Professional Fiduciary to serve as the trustee or successor trustee of your trust ensures that the terms of your trust will be followed, and your assets will be protected. Additionally, it may help to prevent familial conflict and administration errors that so often arise when a family member administers a trust. We have experience with all aspects of trust administration including; marshaling of assets, selling real property, preparing and filing tax returns, avoiding unnecessary tax bills, keeping detailed records, maintaining transparency and communication with beneficiaries, preparing a detailed accounting, and disbursing money to beneficiaries as instructed by your trust. Our expertise limits the additional cost and time necessary to fulfill the terms of the trust.
As a Professional Fiduciary for more than 30 years, Ron has been fortunate enough to participate in the evolution of this profession. Ron took part in creating the first licensure examination for California Licensed Professional Fiduciaries, and was previously the President of the Professional Fiduciary Association of California (PFAC). He takes pride in knowing that he and other California Licensed Professional Fiduciaries are held to the highest professional standard.
As a retired Licensed Clinical Social Worker (LCSW), Ron has the knowledge to interact with individuals of all needs and abilities. He and Nicole utilize this expertise when creating each client’s individualized care plan.
Growing up with a Professional Fiduciary as a father provided Nicole with the opportunity to meet and build relationships with most of her father’s clients. As Nicole learned about the important role her father played in his client’s lives, she knew that she wanted to become a Professional Fiduciary someday, too.
As a younger California Licensed Professional Fiduciary, Nicole offers the unique security of longevity. Younger clients, or those who choose to utilize Patterson Fiduciary Service sometime in the future, can feel secure knowing that we have a succession plan in place to be there to serve you or your loved one for decades to come.
by Blaine F. Aikin
by, Jeffrey S. Galvin
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