A state licensed fiduciary and charter member of the Professional Fiduciary Association of California, Carolyn Young is the owner of Carolyn M. Young Fiduciary Services, a personal and financial services company based in Sacramento. Carolyn M. Young Fiduciary Services oversees and administers $75 million in assets under court appointments and various trust agreements on behalf of clients.
The role of professional fiduciary is one of personal trust and sacred responsibility. Such an individual works on behalf of his or her clients in a manner that ensures the clients’ best interests and legally expressed wishes are addressed and carried out in the areas of finance, health, and personal care as well as in estate administration and distribution.
Whether a professional fiduciary receives appointment by agreement or by court order, the appointment signifies both a legal obligation and a high degree of personal trust in the professional knowledge, judgment, and capabilities of the fiduciary to act in the client’s best interests. Professional fiduciaries licensed in California must meet education and/or experience requirements specified by the state Professional Fiduciaries Bureau. In addition, licensed fiduciaries must maintain annual continuing education requirements and, in most cases, a surety bond once they begin practice.
Individuals considering hiring a professional fiduciary in California can consult with a professional licensing organization, such as the Professional Fiduciaries Bureau, or membership group, such as the Professional Fiduciary Association of California, to seek out qualified practitioners.
Acting in the interest of the elderly, the disabled, and others, Carolyn M. Young Fiduciary Services has been serving the citizens of the Sacramento, California, region for more than 25 years. Fiduciaries, whether court appointed or retained by private clients, can serve in a number of capacities. Among the fiduciary services offered by owner Carolyn M. Young is that of acting in the role of conservator.
When a person is judged by a court to be mentally or physically incapable of managing his or her own affairs, then the court may appoint a conservator to administer the conservatee’s personal or financial matters. For the protection of the conservatee, the court will require the appointed fiduciary to receive advanced approval for many actions and keep the court apprized of their actions on behalf of the conservatee. Some of the specific responsibilities that a conservator may undertake include making application for pensions, receiving income, paying conservatee expenses, and tax preparation.
As a leading force in juvenile diabetes research, the Juvenile Diabetes Research Foundation (JDRF) works to find a cure for the disease while also providing support and knowledge to patients and their families. The organization was founded in 1970 by concerned parents looking to push research efforts and spread hope to those who knew little about the disease. Since that time, the JDRF has grown immensely and enjoyed widespread support from the diabetic and medical communities. Interestingly, the majority of JDRF volunteers also possess first-hand knowledge regarding diabetes and the effect it has on individual lives. This personal connection contributes to the institution’s drive and motivation.
Today, the JDRF conducts research projects in countries across the globe and has managed to raise over $1 billion in research funding. The organization also labors to advocate for further research efforts and increase government spending to combat diabetes. The Bag of Hope, School Advisory Kit, and Adult Type 1 Toolkit all represent great efforts by the JDRF to reach out and assist individuals diagnosed with type 1 diabetes. In addition, the Juvenile Diabetes Research Foundation provides a comprehensive online program geared towards patient support. Individuals may contact the Online Diabetes Support Team and speak one-on-one with diabetes professionals. The JDRF also produces a number of helpful publications, including Countdown Magazine, Life With Diabetes E-Newsletter, and Research Snapshot.
About Carolyn M. Young Fiduciary Services:
As owner of Carolyn M. Young Fiduciary Services, Carolyn M. Young possesses over 25 years of expertise in the financial services industry. Specializing in fiduciary offerings, Carolyn M. Young Fiduciary Services currently oversees more than $75 million in client assets, working continually to help clients gain autonomy and independence. Ms. Young and her family also remain heavily involved with the Juvenile Diabetes Research Foundation.
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