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.

  • What type of services do you provide?
  • Are you insured for errors and omissions?
  • What are your office and telephone hours?
  • 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?
  • What fees do you charge and when?
  • If you use other professionals (certified public accountant, attorney, caregiver, etc.), what are their fees?
  • Do you work alone or have a staff?
  • How often will you provide me with an accounting?
  • Can you provide me with references from past or current clients or other professionals you have worked with who I can contact?