What Are Trust and Trustee Services?

Mar 1, 2024 | Uncategorized

A trust provides a legal arrangement that allows an individual or entity to manage assets on behalf of another person or group. Trustee services enhance this arrangement by providing professional guidance and management of the trust. At Guardian Fiduciary Services LLC, we offer services to help clients protect and manage their assets. Here are some of the asset protection and management services:

Care Management

Care management involves coordinating medical appointments, managing medications, and supporting daily activities. It may also include advocating for the individual’s needs and rights within the healthcare system. Busy families or families living apart from their loved ones can benefit greatly from this service. Guardian Fiduciary Services LLC offers a safe and reliable option for families seeking care management services for their loved ones. We focus on individual preferences to tailor a care management plan that suits each client’s specific needs.

Financial Management

Personal financial services provided by trustees help individuals manage their finances, including investments, taxes, and budgeting. This service benefits people who cannot handle their financial affairs due to illness or incapacity. Our Guardian Fiduciary Services LLC team has the necessary expertise and experience to provide efficient financial management services for our clients. We work closely with accountants and financial advisors for accurate and transparent financial reporting.

Conservatorship

When individuals are not able to decide for themselves or lack the ability, a conservatorship may be established. A conservator is appointed by the court to manage the personal and financial affairs of the individual. This service is valuable for those unable to care for themselves or their assets due to physical or mental limitations. Our Guardian Fiduciary Services LLC team helps guide families through the legal process of obtaining a conservatorship. We offer ongoing support for appointed conservators and assist with asset protection strategies tailored to our client’s needs.

Trust Management

Designating a trustee to manage assets and distribute funds according to an individual’s wishes can enhance the efficiency and privacy of estate planning. A trustee can also help minimize the potential for family disputes or financial mismanagement after an individual’s passing. The responsibility of administering a trust involves prudent investing, tax planning, and asset protection. Our Guardian Fiduciary Services LLC team evaluates each client’s unique needs and works with them to create an effective trust management plan. 

Power of Attorney

Granting a power of attorney gives an individual the authority to make financial and legal decisions on your behalf. This can be useful when an individual may become incapacitated or unable to handle their affairs. Individuals can plan for potential incapacity by granting a limited or durable power of attorney to a trusted individual, allowing them to act in their best interest. Our team at Guardian Fiduciary Services LLC can assist in drafting and executing a power of attorney document that meets our client’s specific needs. 

Guardianship 

Guardianship is a legal process where a court appoints someone to decide for an incapable individual. This can include managing finances, making medical decisions, and determining living arrangements. Guardianships are often established for minors or individuals with mental or physical disabilities. Our trustee services are designed to efficiently manage the assets and improve the individual’s well-being under guardianship. 

Seeking Professional Trustee Services

At Guardian Fiduciary Services LLC, we are committed to providing comprehensive and personalized trustee services to protect the financial well-being of our clients. Our team is experienced in trust management, power of attorney, and guardianship services. Contact us today to schedule a consultation and learn more about how we can help you with your estate planning needs. Protect your future and the well-being of your loved ones with Guardian Fiduciary Services LLC.

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