Questions to Ask: Professional Fiduciary

Questions to Ask: Professional Fiduciary
Financial Questions to Ask
  • What type of services do you provide?
  • Are you insured for errors and omissions?
  • What credentials do you have? What is your license #?
  • What are your office and telephone hours? Are you accessible by text and/or email?
  • How long should I expect to wait to receive a response from you to a communication?
  • If there is an emergency after hours, how do I reach you or your staff?
  • What are your internal controls like? How is my confidential information protected?
  • Do you have a disaster recovery plan for my data?
  • What fees to you charge and when?
  • Do you work alone or do you have a staff?
  • If you have a staff, what types of services do you delegate to them? What are the fees?
  • If you use other professionals (CPA’s, attorney, caregiver, etc.) what are their fees?
  • Can you provide me with references of professionals you have worked with who I can contact?
  • What happens to me if something happens to you? What is your succession plan?
  • What led you to become a fiduciary?

Adapted from:

https://pfac-pro.org/wp-content/uploads/2018/05/Questions-to-Ask-When-Hiring-a-Fiduciary.pdf

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