These days, people move around much more than they did in previous generations. As a result, we often see situations in which an older person lives in Michigan, but his or her child or closest relative lives hundreds of miles away outside the state.
This can present a real logistical problem when the older person begins to decline and needs more help with legal and financial matters than an out-of-state relative is able to provide. And older people are not the only ones who may need help; a younger person who has suffered an unexpected, life-changing event such as a stroke, car accident or serious illness may need assistance as well. A person in need of help may not want, or be able, to move closer to family, and relatives may not have the time or resources to travel back to Michigan frequently.
Fortunately, there is an option to protect your loved one without utterly disrupting your life or theirs: professional fiduciary services.
A fiduciary is someone who manages another person's finances or assets, and is legally and ethically obligated to put that person's interests first. At Suzanne R. Fanning PLLC, we have an experienced professional fiduciary who is available to serve as your loved one's conservator, trustee, or as agent under a power of attorney.
A professional fiduciary can manage your loved one's finances, pay their bills, sell real estate, manage assets, and handle other financial and legal matters on their behalf. This can give great peace of mind to the older person and his or her family.
If a trusted family member isn't available to take care of financial and legal matters, it is typically preferable to have a professional fiduciary overseeing them. A professional fiduciary is experienced, keeps good records, makes the older person's needs a priority, and is bound by legal and ethical rules to act in their best interests. These are advantages a well-meaning friend or neighbor usually cannot offer. In addition, having a professional fiduciary in place helps prevent unscrupulous persons from financially exploiting an older person.
A professional fiduciary is also an answer when a family member is mishandling the assets of a parent or there is friction and distrust between children over the management of their parent's financial affairs.
Suzanne R. Fanning PLLC is conveniently located in Ann Arbor, Michigan, and our fiduciary staff is available to meet personally with the individuals we serve. We are able to promptly address any issues or concerns regarding real estate, vehicles, bank accounts and debts. Because we are experienced in providing these services, we are able to operate efficiently and keep costs reasonable for the benefit of our clients. We take pride in being responsive to the needs of our clients and those who are concerned for their well-being.
Suzanne R. Fanning PLLC is located in Ann Arbor, Michigan, with ample free parking near the office. The firm is only minutes away from the Washtenaw County Courthouse. Suzanne R. Fanning PLLC regularly works with clients in Washtenaw, Wayne, Monroe, Livingston, Genesee and Lenawee Counties and throughout Michigan and individuals outside Michigan who need help from a local fiduciary.