Professional Fiduciary

★★★☆☆

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No one should make assumptions when they do not know all of the facts. When a third party is asked to become the Conservator or Trustee, it means that there is no family member willing or able to assist the vulnerable adult. That adds a huge amount of time and money onto what could have been an easy process if a family member had been available to step up to the plate. Besmirching a company for doing what family should have done is unfair and plain stupid. It is too bad that people leave comments with no back-up information or proof.

5
★★★★★

No one should make assumptions when they do not know all of the facts. When a third party is asked to become the Conservator or Trustee, it means that there is no family member willing or able to assist the vulnerable adult. That adds a huge amount of time and money onto what could have been an easy process if a family member had been available to step up to the plate. Besmirching a company for doing what family should have done is unfair and plain stupid. It is too bad that people leave comments with no back-up information or proof.

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Anyone considering engaging Professional Fiduciary, Inc. (PFI) in a fiduciary capacity should read the front page story in the STAR TRIBUNE for February 16, 2009. PFI milked a conservatorship account for a woman 80 years old of over $650,000.00 and resigned when the funds were all gone. This included $100,000.00 in attorney fees.

This case prompted Minnesota State Representative Paul Thissen (DFL-Mpls) to introduce a bill reforming the conservator - guardianship industry.

Also, read the August 22, 2006 Minnesota Court of Appeals Case IN RE CONSERVATORSHIP OF WALTER W APPLE No. A05-2523 (2006 WL 2405857 Minn. App.).

The sad thing is existing laws and court cases can stop this abuse but by the time relatives find out about the abuse the funds are depleted and in our legal system the judicial system considers itself a "neutral" party and not an advocate for justice.

1
★☆☆☆☆

Anyone considering engaging Professional Fiduciary, Inc. (PFI) in a fiduciary capacity should read the front page story in the STAR TRIBUNE for February 16, 2009. PFI milked a conservatorship account for a woman 80 years old of over $650,000.00 and resigned when the funds were all gone. This included $100,000.00 in attorney fees.

This case prompted Minnesota State Representative Paul Thissen (DFL-Mpls) to introduce a bill reforming the conservator - guardianship industry.

Also, read the August 22, 2006 Minnesota Court of Appeals Case IN RE CONSERVATORSHIP OF WALTER W APPLE No. A05-2523 (2006 WL 2405857 Minn. App.).

The sad thing is existing laws and court cases can stop this abuse but by the time relatives find out about the abuse the funds are depleted and in our legal system the judicial system considers itself a "neutral" party and not an advocate for justice.

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