Tag: Fiduciary

CLE on Selecting a Professional Fiduciary as a Successor Trustee

When it comes to nominating a successor trustee there are usually four main groups that people regularly turn to – family members, friends, corporate trustees – and more recently, professional fiduciaries. But what exactly does a professional fiduciary do? Licensed Professional Fiduciary A professional fiduciary serves the client’s best interest by acting as a trustee, agent under a durable power of attorney…

New CLE: Estate Planning 101

Estate planning is a process – accepting one’s mortality, active listening and focusing on the needs of the trustor first are just a few of the most basic issues to consider. For effective estate planning, the lawyer serves by guiding the client to contemplate life’s challenges and then formulates decisions about serious topics like long term illness, conflicts of interest, wealth preservation…

New Digital Assets Law Coming to California???

What happens to your Facebook account when you die… does it die too? What about your PayPal account, iTunes library and all your other valuable digital assets? States around the country have begun to pass legislation that allow individuals to access social media accounts and other digital accounts on behalf of a deceased individual. To date, over 20 states have passed their…

CLE Course on Employer ERISA Fiduciary Liability

Business owners and their attorneys now need to focus on their responsibilities for sponsoring and running retirement plans to avoid or minimize their liability from government examination or a participant lawsuit. This has been on the radar the last few years since the stock market crashed and has become a hot topic over the last few years. The government wants to ensure…

CLE: Ethical Issues for Trustees & Fiduciaries

A fiduciary is a person who assumes responsibility for a position of trust. Fiduciaries serve by court appointment as guardians, conservators and personal representatives of estates. They also serve by agreement as trustees, representative payees or as agents under powers of attorney. Many seniors choose to appoint a professional fiduciary in order to avoid burdening family members and to avoid creating conflict…