A Fiduciary is someone who accepts the responsibility for taking care of the needs or property of another person for the benefit of that person. A person who serves in a fiduciary capacity can be a professional, family member or friend. The person served by a fiduciary places trust in the fiduciary to manage his or her affairs solely for his or her benefit and not for the fiduciary's benefit. The element of trust is essential when the person receiving services is frail, vulnerable or incapacitated.
In Arizona, persons serving as fiduciaries for a fee must be licensed by the state. All fiduciaries, whether serving for a fee or not, are governed by state law. State law requires that to become licensed, fiduciaries must meet certain eligibility requirements, take initial training, pass a test, post a bond, furnish a set of fingerprints and pass a criminal background check. Licensing must be renewed every two years.
The Families Advocate, LLC holds an active fiduciary license No. 20701, issued by the Arizona Supreme Court and is subject to regulation by the Arizona Supreme Court, Administrative Office of the Courts. The regulations governing licensed fiduciaries and fiduciary entities are specified in the Arizona Code of Judicial Administration 7-201: General Requirements and 7-202: Fiduciaries. These administrative rules adopted by the Arizona Supreme Court include a Code of Conduct that all licensed fiduciaries are required to follow. Additional information regarding these requirements and licensed fiduciaries may be obtained from the Administrative Office of the Courts at:
email to PFP@courts.az.gov