What IS a fiduciary?

A fiduciary is a person who assumes responsibility for a position of trust especially with regard to the relationship between a trustee and a beneficiary. A fiduciary duty is a legal or ethical relationship of confidence or trust between two or more parties. Typically, a fiduciary takes care of money for another person. In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance and trust in another whose aid, advice or protection is sought in some manner. In such a relationship, good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trusts.

In her interview with Real Talk San Diego Radio, Marel explains the services that a professional fiduciary provides.

Marel T. Sterling, as a licensed professional fiduciary, takes very seriously her duties to prudently and knowledgeably handle the affairs of another. Serving those who put their trust in her is a sacred privilege. Providing personable and professional services is a high priority.

As an experienced administrative manager in the fields of non-profit, financial planning, home improvement, computer software development and seminar production, Marel offers a systematic and resourceful approach to the personal concerns of her clients. She is serving as Trustee for eight Special Needs Trusts and six Irrevocable Trusts; she is also Executor for Probate, Successor Trustee for two clients and holds three Powers of Attorney.

Testimonials