What you should know before hiring a Professional Fiduciary

Before hiring a Professional Fiduciary, you should interview at least three licensed Professional Fiduciaries. The following are examples of interview questions to ask before becoming a client.

How often will you provide me with an accounting?

Are you insured for errors and omissions?

If there is an emergency after hours, how do I reach you or your staff?

What are your internal controls like? How’s my confidential information protected?

What happens to me if something happens to you? What is your succession plan?

Do you have a disaster recovery plan for my data?

If you use other professionals (certified public accountant, attorney, caregiver, etc.), what are their fees?

Do you work alone or have a staff?