Frequently Asked Questions
Disclaimer: Answers to these questions do not constitute legal advice. If you are seeking legal advice please consult an attorney.
Disclaimer: Answers to these questions do not constitute legal advice. If you are seeking legal advice please consult an attorney.
A fiduciary is someone who is legally obligated to act in the best interests of another person. Examples of fiduciaries are personal representatives (executors), trustees, attorney-in-fact (POA), health care representative, guardian, conservator, etc.
The incapacity or death of a loved one can be a very overwhelming and emotional time. Engaging the services of a professional fiduciary to serve as guardian, conservator, trustee, or personal representative can eliminate the pressure, stress, and emotion that comes with these major life events. A professional fiduciary can reduce tension between family members and ensure a level of impartiality and unbiased decision-making. Professional fiduciaries are experienced in managing medical care, finances, and administering estates. Professional fiduciaries are licensed and/or bonded, which provides another level of protection to beneficiaries.
In Utah, a guardian makes healthcare and placement decisions for an individual. A conservator manages all of the financial affairs of the individual.