Carolyn M. Young provides fiduciary services to clients in six counties in California through her eponymous firm, Carolyn M. Young Fiduciary Services. In that capacity, Ms. Young assumes responsibility for administering the estates of clients who have passed away or can no longer manage their financial affairs.
Here is a brief overview of the fiduciary profession.
Question: What is a fiduciary?
A fiduciary is an advisor who assumes responsibility for an individual’s estate and is responsible for administering the estate in the event of resignation, incapacity, or death.
Question: What are the responsibilities of a fiduciary?
Among their many responsibilities, fiduciaries act as trustees, executors, or conservators of an individual’s trust or estate. A few of the duties include the sale or rental of real estate, the sale or storage of personal property, and guidance in regard to financial matters.
Question: How does one become a fiduciary?
In the state of California, any individual who acts in the capacity of an agent with a power of attorney, in the case of a trustee, guardian, or conservator, must obtain his or her license as a California Professional Fiduciary. All California fiduciaries are governed by the Professional Fiduciaries Bureau.
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.