Elder abuse can take various forms including financial mismanagement. It can be the result of both intentional and unintentional negligence.
Learn the guidelines, practices, prudence and thought processes that will help you avoid administrative problems and conflicts with others.
Anybody acting in the role of a fiduciary can be sued personally by any number of stakeholders.
The Personal Fiduciary Checklist will help you better understand any potential areas of concern and how you can mitigate your personal exposure when acting as a fiduciary. This checklist will highlight and help you understand often overlooked aspects of acting as a fiduciary.
A short yet comprehensive program covering ethics, ethical responsibilities, and the general duty of care required when acting in a position of trust of another.
It reviews the responsibilities and expectations of a power of attorney, executor / executrix and trustee, in the context of communication, fairness, protection of assets, distribution of assets, reporting and more.
The objective is a standardized international understanding of right from wrong.
Many people feel being appointed as a fiduciary as an honour, as though their judgment is deemed by the grantor of the role as being superior to others.
This is sadly misguided in that the fiduciary must follow the directions specified by the grantor rather than their own views. The fiduciary must be diligent in protecting assets and executing their duties in a fair, honest and transparent manner.
The honour is to the grantor of the trust rather than the fiduciary and it is up that fiduciary, the recipient of that trust, to act with deservingly honourable conduct.
The course is written in an easy to understand style. It’s comprised of six chapters and should take no more than 2 hours to complete including an online 20 multiple choice question exam. The passing grade is 70%.
“I completed the Personal Fiduciary course last night. It is a very good course for anyone taking responsibility for money. I have been in accounting for many years. I would recommend it to anyone stepping into a fiduciary role for the first time.”
Certified Executor Advisor
The Professional Executor
“What a timely and significant program! For most of us, finding ourselves a fiduciary is unfamiliar territory, and too many bring biases they would do well to sort out before beginning any action. This course may be the best first step of all.”
Author of “Avoiding Chaos”
“Congratulations to PFSI for this major contribution as a great source in educating individuals in their primary duties and obligations of a personal fiduciary.”
Certified Executor Advisor
“Being an executor, trustee, or attorney is a big job, and most Canadians who find themselves in this role are going through it for the first time. This course is an amazing way to ensure that you're educated on the obligations and liability associated with these roles so you can effectively serve a loved one.”
CEO of Willful
“Acting as a fiduciary in the estates context is a big job, and learning what this job entails is critical for avoiding personal liability. We've seen firsthand how failing to advertise for creditors or adequately search for a will can have legal implications.”
“The best way to avoid a car crash is get a driver’s license and learn the rules of the road. Likewise, the best way to avoid being sued for breach of fiduciary duty is to get the PFC and learn the rules for acting in a fiduciary capacity.”
Vice-President of ExecutorProtector.com