Chris Cooper, CFP®, is a California Licensed Professional Fiduciary. As a professional fiduciary, he works with seniors, disabled persons and other individuals who can't manage their affairs on their own.

A fiduciary, regardless of whether you are a lay person, such as a family member, or a professional, such as Chris, is responsible for managing the care, the safety, and the general wellbeing of the person for which they are responsible, as well as the management of his/her assets. As a trustee, a fiduciary is responsible for carrying out the terms of the trust and managing the trust assets. He or she is appointed by an individual or court to assume a position of trust and responsibility. As a conservator, the fiduciary is responsible for managing the estate and personal affairs of an individual who had been legally determined to be physically or mentally incapacitated.

As a professional fiduciary, Chris Cooper is able to assist with the following:

  • Estate management
  • Filing and paying taxes
  • Household management
  • Employing caregivers and nurses
  • Property management
  • Other professional services as needed

Who needs a professional fiduciary, and why?

Professional fiduciaries help manage the financial affairs of people who aren't capable of handling the responsibility on their own. While family members, friends or other professionals (such as CPAs) can sometimes take on these tasks, it's often a good idea to hire an independent third party who has specific fiduciary training and expertise. Hiring a professional fiduciary helps avoid conflict between loved ones and protects the incapacitated person from financial abuse. A professional fiduciary can also help when family members live far away and their loved one needs assistance, or when the family member simply lacks the time or expertise to manage another person's affairs on their own.

What are the benefits of appointing a professional fiduciary?

A professional fiduciary can:

  • Help avoid financial abuse and losses
  • Minimize conflict and stress among family members and loved ones
  • Offer access to expert knowledge and experienced professionals (CPAs and attorneys)

To learn more about how hiring a professional fiduciary can help protect your loved one and make your life less complicated, contact us today.

"A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which gives rise to a relationship of trust and confidence."– Bristol & West Building Society v Mothew