Fiduciary Services:

Adams & Associates ensures the highest standards in excellence and professionalism by offering private fiduciary service.

As private fiduciaries we serve by written agreement as Trustees, Successor Trustees, Executors and Attorney-In-Fact under Power of Attorney for individuals and couples.

As licensed private fiduciaries, we are eligible for Court Appointments as:

• Conservatorship of the Person, Estate or both Person and Estate;
• Probate Executor Administrator Personal Representative;
• Trustee for Revocable Living Trusts, Irrevocable Trusts,
  Charitable Trusts;
• Special Needs Trusts, and Insurance Trusts.

Client Profile:

Our population is aging and this demographic needs professionals with dedication and integrity to assist in a variety of situations:

• Assisting a person with a physical, emotional or mental health disability by managing their personal care and financial assets;
• Serving clients by being appointed as the client's Executor or Successor Trustee, Attorney-in-Fact under a Power of Attorney, or Agent under an Advanced Health Care Directive;
• Administration of Special Needs Trust.

Brief Description Private Fiduciary Services:

• Charitable Remainder Trust Administration – Trustee: An agreement in which property or assets are donated to charitable organizations, and the donor or their beneficiaries still continue to either use the property, or receive income from it for a period of time.
• Conservator of the Estate: The court-appointed fiduciary, as Conservator, manages the financial affairs of the person who is unable to manage his/her own financial resources, to resist fraud or undue influence.
• Conservator of the Person: The court-appointed fiduciary, as Conservator, manages the personal care of the person who cannot properly care for his/her personal needs including medical care, food, clothing, or shelter.
• Estate Administration – Administrator: Court-supervised distribution of the probate estate of a deceased person. If there is a Will that names an Executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the Administrator.
• Insurance Trust Administration – Trustee: These Trusts are established as the result of a lawsuit settlement, award or court order. The private fiduciary is responsible for the management and distribution of the proceeds for the benefit of the injured party.
• Probate – Personal Representative/Executor: The individual who manages the affairs of someone who has died. The Executor collects the property, pays debts and taxes, and then distributes assets, as specified in the Will. The Executor also handles any probate court proceedings and notifies beneficiaries, organizations, and agencies of the death.
• Social Security – Representative Payee: An individual, agency, or organization named by the eligible recipient to receive government benefits on behalf of, and for the benefit of, the beneficiary entitled to such benefits.
• Special Needs Trust – Trustee: These Trusts are designed to assist beneficiaries who have special physical, mental health, emotional or other disabilities or requirements.
• Trust Administration – Trustee: Trust Administration is performed by a Trustee who has the task of carrying out the distribution instructions of a Trust upon the death of a Trustor. Trust Administration, depending on the distribution wishes, the types of assets, and the current law, can be time consuming, complex, and costly.
• Trustee: The person appointed, or required by law, to manage and or distribute Trust assets. Trusts are now commonly used to transfer property on death which may avoid the cost and time of a probate proceeding.
• Successor Trustee: A Trustee who takes over from the original or prior Trustee and has the responsibility for carrying out the terms of the Trust as set forth in the Trust document.