How Does a Person Become a Fiduciary?
A fiduciary's work has broad scope and carries significant responsibility and liability. As a result, most fiduciaries came to this role after years of developing skills in other disciplines, and work continually to stay abreast of changes and enhancements to the practice.
I bring to the work more than 20 years’ experience in financial services and healthcare publishing, honing skills in planning, budgeting and making good financial decisions. I have personal experience balancing life decisions regarding medical care and housing. I apprenticed for several years with an experienced fiduciary in the San Francisco Bay Area.
In addition, I've pursued advanced training and continuing education in fiduciary principles, ethics, and best practices. Like most active fiduciaries, I belong to a mentoring group, which meets regularly to discuss challenges and experiences, share updates, and address specific issues.
A fiduciary's work has broad scope and carries significant responsibility and liability. As a result, most fiduciaries came to this role after years of developing skills in other disciplines, and work continually to stay abreast of changes and enhancements to the practice.
I bring to the work more than 20 years’ experience in financial services and healthcare publishing, honing skills in planning, budgeting and making good financial decisions. I have personal experience balancing life decisions regarding medical care and housing. I apprenticed for several years with an experienced fiduciary in the San Francisco Bay Area.
In addition, I've pursued advanced training and continuing education in fiduciary principles, ethics, and best practices. Like most active fiduciaries, I belong to a mentoring group, which meets regularly to discuss challenges and experiences, share updates, and address specific issues.
Degrees and Certifications
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Affiliations and Professional Contributions
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Other Applicable Skills and Experience
- Thorough knowledge of Uniform Prudent Investors Act
- Property owner and rental manager
- Deep knowledge of the major medical specialties, and in the operation and funding of key health care organizational structures
- Leverage project management skills to direct the efforts of multiple parties toward a shared goal
- Experienced presenting to the court
- Expertise in employment law training and best practices for hiring and managing employees
- Organizing member of a formal fiduciary mentor group
Fee Schedule
Professional fiduciary fees for services including Trustee, Conservator of Estate, Conservator of Person, Agent Under Power of Attorney and Agent under Healthcare Directive range between $150and$200 per hour.
Probate Administration Fees, authorized under Probate Code §10800, are computed on a fee base comprised of gross assets, plus receipts and gains, less losses, as follows:
In addition to statutory fees, pursuant to Probate Code §10801, extraordinary fees can be requested for services such as, but not limited to, tax issues, real property sales and litigation. Fees for extraordinary services are subject to court approval and vary by the nature of the service.
Professional fiduciary fees for services including Trustee, Conservator of Estate, Conservator of Person, Agent Under Power of Attorney and Agent under Healthcare Directive range between $150and$200 per hour.
Probate Administration Fees, authorized under Probate Code §10800, are computed on a fee base comprised of gross assets, plus receipts and gains, less losses, as follows:
- 4% of the first $100,000
- 3% of the next $100,000
- 2% of the next $800,000
- 1% of the next $9,000,000
- 0.5% of the next $15,000,000
- Court discretion after $25,000,000
In addition to statutory fees, pursuant to Probate Code §10801, extraordinary fees can be requested for services such as, but not limited to, tax issues, real property sales and litigation. Fees for extraordinary services are subject to court approval and vary by the nature of the service.