There is a lot of information out there to help people plan for their future when they are coordinating an estate plan. Often, this information focuses on recruiting family and friends to provide support when the time comes that independent decision making is no longer an option. However, what about the people in Louisiana who for whatever reason lack the support or availability of their family? Finding reliable help in preparation for the times when they become incapacitated and are no longer able to manage their health and finances is still critical.
In these cases, the title of the person that would be hired to take on the role of what an executor or trustee would be doing if the family were around, is called a fiduciary. The process of recruiting and informing a fiduciary of concerns, unique circumstances and personal requests is a process that will take time and should be regularly revisited to ensure that both parties are on the same page.