PRIVATE FIDUCIARY

Fiducaries 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... 3. The fiduciary as personal representative is an individual appointed by the probate court to administer the estate of a person who has died, referred to as a "decedent". A personal representative will either act as an Executor if named in the will, or as an Administrator if not named in the will, or if there is no will. The personal representative inventories and safeguards assets, collects income, verifies and pays obligations, identifies and notifies heirs and beneficiaries, and distributes assets... Families often decide not to use family members to manage estate assets. Choosing an independent, neutral trustee to handle estate matters avoids creating potential disputes over money and preserves estate assets thereby insuring family cohesiveness.

Primary location: San Ramon United States