Tips to keep in mind when hiring trustworthy fiduciary


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Tips to keep in mind when hiring trustworthy fiduciary

CREATED Oct 9, 2013

Las Vegas, NV (KTNV) -- Patience Bristol worked for a company that was appointed by family court. She's accused of using her position to embezzle thousands from elderly victims.

But there are situations where you may be looking to hire a private fiduciary, and there's important tips to keep in mind.

If someone loses the ability to care for their own financial affairs, like an elderly family member, a fiduciary becomes the legally appointed person, authorized to control their assets.

How do you know you're hiring someone you can trust?

Barbara Buckley, executive director of the Legal Aid Center of Southern Nevada, said find out if they're bonded and insured.

And, don't be afraid to ask if they've had issues with employees in the past.

"Ask questions. Too many people just get a contract and they sign it and they don't ask a single question, and that's their first mistake," said Buckley.

She said many times the best guardian is a family member.

The Legal Aid Center holds weekly classes free to the public on what it means to be a guardian.

The center also offers help to anyone who thinks they may have been the victim of fiduciary fraud.

For more information, click here.