Private Trustees and Personal Representatives
WHAT IS A FIDUCIARY?
A trustee is a person or firm that holds and administers property or assets for the benefit of a third party.
An executor or personal representative is an individual appointed by a will or the court to administer the estate of a deceased person and carry out their wishes.
A power-of-attorney, conservator, and guardian manage the affairs of an individual while they are alive but incapacitated.
Each is considered a fiduciary and has the duty to act in good faith and in the best interests of the beneficiaries.
WHERE ACUMEN COMES IN
WHY DO YOU NEED A FIDUCIARY?
Many people are unsure if their fiduciaries will be compatible with the beneficiaries and other members of the family. They might also be apprehensive about naming a beneficiary or a bank as their trustee or executor because of the inherent conflict of interest or impersonal touch.
Acumen can bring its years of expertise administering trusts and estates for law firms and clients without conflict of interest. We will also work with your trusted professionals for financial and legal advice and not trust company bureaucrats.
If you have a trust or a will, you will need a trustee or executor to distribute inheritance to your beneficiaries when you die.
Most people need a fiduciary for the the following reasons:
Trust Administration
Trust Settlement
Estate Settlement
Power-of-Attorney
Fiduciary Management of Complex Assets
“We are elderly and have a autistic daughter. Daniel Vasko took over
her finances a few years ago. It was the best thing for our family we
could have done. We no longer worry about government paperwork, if she’s receiving enough monthly to pay her bills, or if he’s taking money
that’s not his. He is extremely honest, trustworthy, never gets
upset, and is very knowledgeable. Daniel is professional yet personable.
If anyone is looking for a reputable person to help through
financial difficulties, it’s Daniel.
”
“We appointed Daniel as trustee of our trust, and it is one of the best decisions we ever made. Daniel faithfully adheres to our trust provisions and is always available to talk about making distributions whenever we need them. He also regularly informs us on how the investments are going and provides us accountings in a timely manner. ”