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CA Licensed Fiduciary

How do you become a licensed fiduciary in California?

Professional fiduciaries provide services to seniors, persons living with disabilities, and also young children. They manage the daily care, safety, housing, medical needs financial management services from paying bills to managing estates and making investments.

To become eligible as a CA Licensed fiduciary, you must:

  • Have a bachelor's degree or have more than five years of work experience

  • Pass a criminal background check

  • The Center for Guardianship and Certification administers a fiduciary licensing exam that you must pass.

  • To be a licensed fiduciary in California, you must also complete a 30 hours education course if you don't have a bachelor's degree or work experience

What does Financial Affairs Management require?

Financial affairs management Is fundamentally having Direct control of your clients' financial matters. The critical principles incorporated in financial affairs management include;

  • Financial Management through proper accounting, monitoring, and reporting systems.

  • Managing money through saving and investing.

  • It involves frequent monitoring and interpreting cash flows.

  • Financial affairs management includes providing and interpreting financial information for each year and reporting and transparent record-keeping.

  • filing of taxes that is the returns and tax income

  • Hiring financial professionals who can adequately handle assets efficiently.

  • Constant tracking of the expenditures to ensure effective and efficient use of the finances

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