
Professional fiduciary? Why do I need one?


Lotus Fiduciary can be essential in various financial, legal, and personal matters where trust, expertise, and responsibility are required.
Here’s why you might need us:
Estate & Trust Administration
If you need someone to handle your estate, trusts, or wills, a fiduciary ensures proper management, avoiding probate issues and potential mismanagement.
Conflict-Free Decision Making
Family members may have conflicting interests. A professional fiduciary acts impartially, ensuring decisions are made in your best interest rather than influenced by personal bias.
​Protection for Vulnerable Individuals
If you’re elderly, disabled, or otherwise vulnerable, a fiduciary can safeguard your assets and personal well-being, preventing financial abuse or mismanagement.​
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Legal & Ethical Responsibility
A fiduciary is legally obligated to act in your best interest, unlike large corporations or family who may have conflicts of interest. This means transparent, responsible decision-making.
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How can we help?
We can step into the shoes of the individual whom we serve and perform any or all of the following services as necessary:
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Daily money management – pay bills and manage cash flow.
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Work with the financial advisor, who manages and invests their money.
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Preparation and filing of all tax returns, including but not limited to, personal income, corporate, trust and/or estate tax returns; includes the payment of taxes owed or collection of refunds due.
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Ensure proper insurance is in place – health, property & casualty (home and auto), liability (business), and umbrella, life & annuities (investments).
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Manage real property – provide oversight of any real estate owned by the person or estate. Includes: coordinating repairs and maintenance, collecting rent, paying taxes, etc.
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Work with medical power of attorney/guardian/care manager – to ensure health and personal needs are met.

Lotus Fiduciary acts as the "QUARTERBACK" to coordinate & oversee the work done by professional advisors to our clients.

What to consider when preparing your life, health and estate plan:
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At what age or point in your life should you start to work with professional fiduciaries, both financial and medical?
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Can a fiduciary firm serve as your personal representative, trustees and/or POA?
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When would a fiduciary firm be unable to serve?
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What happens if you become ill or suffer from memory loss?
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What happens at your time of death?
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What does your family have to do?
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What if some of your family members need assistance managing their affairs?