A Private Licensed Fiduciary is a trained and certified professional authorized to manage the personal, financial, and healthcare affairs of individuals who are unable to do so themselves.
These professionals serve:
- Older adults
- People with disabilities
- Children and families
- Private trusts and estates
- Organizations
They work closely with attorneys, accountants, care managers, housing authorities, and families to ensure each client’s needs are ethically and efficiently met.
Why Hire a Licensed Fiduciary?
While family members can act as fiduciaries without a license, the role is often complex, emotionally charged, and prone to conflict. A licensed fiduciary offers:
- Professional expertise
- Impartial decision-making
- Protection of client rights and interests
- Conflict reduction among family members
What Are a Fiduciary’s Responsibilities?
Licensed fiduciaries are often appointed through legal instruments such as trusts, Powers of Attorney, conservatorships, or guardianships. Their duties can include:
- Managing estates and financial assets
- Paying bills and budgeting
- Overseeing daily care needs
- Coordinating medical care and advocacy
- Selecting and evaluating housing options
- Representing clients in legal or healthcare matters
Licensing Requirements in California
To become a Private Licensed Fiduciary in California, one must:
- Complete 30 hours of pre-licensing education
- Pass the Professional Fiduciaries Exam
- Fulfill 15 hours of continuing education annually
- Comply with a strict Code of Ethics and Professional Conduct
Trusted Support from BB Fiduciary Services
At BB Fiduciary Services, we are committed to guiding you and your loved ones through every stage of this process with expertise, integrity, and compassion.