Palm Desert Fiduciary Services specializes in the fiduciary areas of:
Conservatorships of the Person & or Estate-- conservatorships are court appointed and we work under the authority of the Superior Court of California. Conservatorships are created to protect a person who can no longer care for themselves or manage their finances.
Guardianships of the Person & or Estate--are court appointed for minors under the age of 18.
Trust Administration/ Successor Trustee--when the settlors (who created the trust) are no longer able to manage the trust, no longer care to administer the trust or in situations where the settlor has died, we can act as the Successor Trustee.
Trustee, Special Needs Trusts-- "A special needs trust is created to ensure that beneficiaries who are disabled or mentally ill can enjoy the use of property which is intended to be held for their benefit. In addition to personal planning reasons for such a trust (the person may lack the mental capacity to handle their financial affairs) there may be fiscal advantages to the use of a trust. Such trusts may also avoid beneficiaries losing access to essential government benefits." (http://en.wikipedia.org/wiki/Special_needs_trust)
Durable Powers of Attorney-- "The fiduciary as Agent Under Power of Attorney. The responsibilities of a fiduciary acting as an Agent under Power of Attorney include the following: For health care, the fiduciary acts as attorney-in-fact to make health-care decisions, including placement, medical, treatment and final burial arrangements. More recently an Advance Health Care Directive provides this guidance. For financial matters, the fiduciary conducts personal and financial business pursuant to the client’s written instructions." (http://www.pfac-pro.org/ohana/website/?p=70204590)
Disclaimer: Arthur C. Passante/ Palm Desert Fiduciary Services are not attorneys, accountants, tax advisors nor financial estate planners. The information supplied herein is for informational/educational purposes only. We are happy to answer your questions regarding the fiduciary services we offer but specific questions regarding the setting up a trust, estate financial planning, investment strategies or tax issues should be directed to your attorney and/or financial planner/CPA.