A Private Licensed Fiduciary in California is a trained professional who manages the personal and financial affairs of individuals who are unable to do so themselves.
These fiduciaries serve seniors, individuals with disabilities, children, families, and organizations. They collaborate with attorneys, accountants, care teams, housing authorities, and families to ensure their clients’ best interests are protected.
To become a Private Licensed Fiduciary, one must pass the Professional Fiduciaries Exam, complete 30 hours of pre-licensing education, fulfill 15 hours of continuing education annually, and adhere to a strict Code of Ethics.
While family members can act as fiduciaries without a license, the role can be complex and often leads to family disputes. Hiring a professional fiduciary helps ensure ethical and skilled management, minimizes family conflict, and preserves relationships.
Private fiduciaries are authorized to act on behalf of clients through trusts, Powers of Attorney, conservatorships, or guardianships. They also assist with daily and medical care needs, including:
- Overseeing daily care
- Managing investments
- Paying bills
- Representing clients in healthcare matters
- Managing estates and assets
- Selecting housing options
At BB Fiduciary Services, we are dedicated to guiding you through this process with expertise and compassion.