Chris Cooper, CFP®, is a California Licensed Professional Fiduciary and a National Certified Guardian. As a professional fiduciary, he works with seniors, disabled persons and other individuals who can't manage their affairs on their own, assisting with everything from day-to-day financial issues to investment and estate management.
A professional fiduciary is responsible for managing assets and handling investments for trusts, conservatorships and estates. He or she is appointed by an individual or court to assume a position of trust and responsibility. As a trustee, a professional fiduciary is responsible for carrying out the terms of the trust. As a conservator, the fiduciary is responsible for managing the estate and personal affairs of an individual who had been legally determined to be physically or mentally incapacitated.
As a professional fiduciary, Chris Cooper is able to assist with the following:
- Estate management
- Investment management
- Filing and paying taxes
- Other financial issues
- Other professional services as needed
Who
needs a professional fiduciary, and why?
Professional fiduciaries help manage the financial affairs of people who aren't capable of handling the responsibility on their own. While family members, friends, or other professionals (such as CPAs) can sometimes take on these tasks, it's often a good idea to hire an independent third party who has specific fiduciary training and expertise. Hiring a professional fiduciary helps avoid conflict between loved ones and protects the incapacitated person from financial abuse. A professional fiduciary can also help when family members live far away and their loved one needs assistance, or when the family member simply lacks the time or expertise to manage another person's affairs on their own.
What
are the benefits of appointing a professional fiduciary?
A professional fiduciary can:
- Help avoid financial abuse and losses
- Minimize conflict and stress among family members and loved ones
- Offer access to expert knowledge and experienced professionals (CPAs and attorneys)
To learn more about how hiring a professional fiduciary can help protect your loved one and make your life less complicated, contact us today.
"A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which gives rise to a relationship of trust and confidence." – Bristol & West Building Society v Mothew
