Julie Sugita, DDS MS CLPF
California Licensed Professional Fiduciary
With you along the way ...
What is a Professional Fiduciary?
A professional fiduciary is someone licensed by the State of California to manage a client’s personal affairs relating to daily care, housing, and medical needs, and may also manage personal finances as needed. After completing educational requirements for licensing and passing both a national and state license examination, as well as criminal background checks, a professional fiduciary assumes responsibility for serving and protecting the best interests of those who have placed their trust in them.
The fiduciary assumes a role of trust and accepts the responsibility for taking care of the needs or property of another person for the benefit of that person. The person served by a fiduciary places trust in the fiduciary to manage his or her affairs solely for the clients benefit and not for the fiduciary’s benefit. This element of trust becomes crucial when the person receiving services is frail, vulnerable or incapacitated.
What Roles does a Fiduciary Fulfill?
A private fiduciary is a non-family member who serves professionally for a fee and must be licensed by the State of California. A private fiduciary may serve by agreement as a trustee of an estate, consultant, representative payee or as Agent under Durable Power of Attorney (DPOA). As DPOA, a fiduciary may act as Agent for Finance or Healthcare under Advance Care Directives. Private fiduciaries also serve by court-appointment as guardian, conservator or personal representative of an estate.
Fiduciaries also provide private bill payment services as well as care coordination and management to those needed a little extra assistance maintaining their independence.
Fiduciaries are not caregivers. A caregiver is someone who provides assistance with personal care such as bathing, dressing, personal hygiene and doing household chores and shopping. Fiduciaries do not provide these services but arrange for them as needed to maximize a client’s independence.
Could you benefit from a Professional Fiduciary?
With reportedly more than 25,000 seniors facing the “golden years” with limited family to rely on, the need arises to find someone who can act as “your voice” in making crucial lifecare decisions. Professional fiduciaries can often benefit a client through the estate planning process and in times of health/personal crisis particularly when a client:
•wishes to avoid overburdening friends or family •has family that lives away geographically from the client •lacks family or friends with appropriate skills to fulfill this need •may not have a family member or friend to trust or assist them •faces conflicts between children, siblings or other relatives
For more information on Professional Fiduciary roles, please visit:
Julie Sugita, DDS MS CLPF California Licensed Fiduciary PO Box 1268 Alpine CA 91903 firstname.lastname@example.org 619.980.6416