California Fiduciary Services Offered
- Trust Administration - Living Trustor(s) (as Trustee)
- Trust Administration - Deceased Trustor(s) (as Trustee)
- Special Needs Trust Administration (as Trustee)
- Probate Estate Administration (as Administrator, Personal Representative or Executor for Wills)
- Power of Attorney as Agent for Finance (with trust administration)
- Trust Protector and Special Trustee Appointments (for dispute resolution)
- Fiduciary Accounting Preparation
- Bill Payment Services/Daily Money Management (with trust administration)
- Medi-Cal and SSA Benefits Qualification (with trust administration)
- Representative Payee and VA Fiduciary (with trust administration)
FAQ
What Education or Credentials Must a Fiduciary Have in California?
A Private Professional Fiduciary must be licensed in the state of California. Licensing is regulated by the Professional Fiduciaries Bureau. Licensed Fiduciaries must hold at least a bachelors degree and complete a minimum of 30 hours of approved pre-licensing education. They must also sit for a comprehensive exam, pass a background check and a credit check. Each year they must complete an additional 15 hours of continuing education in order to maintain their license.
What Type of Oversight Does a Fiduciary Have in California?
Fiduciary conduct is regulated by the California Probate Code and the Professional Fiduciaries Bureau's Code of Regulations and Code of Ethics. On an annual basis, a fiduciary must account to the Fiduciaries Bureau to certify continuing education and report the value of Estate assets under their management. A Fiduciary must also provide an annual accounting to the client/beneficiary/court which must be approved.
How Much Do Fiduciary Services Cost in California?
The type of matter determines the fee. For Decedent Estates, the fee is set out in the Cal. Probate Code § § 10810, 10811. For Court Supervised Trusts and Conservatorships, services are billed hourly and payment of these fees must first be approved by the Probate Court to ensure they are reasonable. Trustee fees for Private Trusts can be either 1% of the trust estate’s value per annum or billed hourly, depending on the size and complexity of the matter. Smaller trusts are typically billed hourly with a minimum annual fee. For a current fee range schedule click here.
How Can I Appoint Jennifer Feehan as My Fiduciary in California?
If you would like to appoint Jennifer Feehan, CLPF, NCG in your estate plan as your Trustee, Executor or Agent Under Power of Attorney you should tell your attorney you have chosen Jennifer to be your fiduciary and provide your attorney with Jennifer's name and contact information. Your attorney should name Jennifer in your documents as follows: "Jennifer Feehan, a California Licensed Professional Fiduciary (#1065)." If you are selecting Jennifer as your fiduciary for a court-supervised matter, please contact your attorney to let them know your decision and they will complete the appropriate petition and/or nomination documents requesting Jennifer Feehan to serve as your Trustee or Personal Representative.
Service Area in California
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Jennifer is available for appointment in the following counties:
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