Q. What services does Promise Fiduciary provide its clients?
We serve in financial, trust, healthcare, and estate administration related fiduciary (legal) appointments both as a primary and successor agent. We also serve as a trustee (successor) for charitable trusts, administer private foundations, and may be appointed as advisors for your donor advised fund.
Q. Does Promise Fiduciary have errors and omissions insurance coverage?
Yes, we maintain errors and omissions insurance coverage of $3 million per occurence through biBerk, a part of Warren Buffet’s Berkshire Hathaway Company. We are pleased to provide greater detail and/or proof of coverage upon request.
Q. If there is an emergency after hours, how do I reach you or your team?
Our fiduciaries provide their cell phone number to all clients appointing them in a fiduciary capacity. You will have access to Jeff or one of our team members 24/7 365 days a year.
Q. What happens to me if something happens to you? What is your succession plan?
Jeff has a best in class estate plan of his own, which includes legal documents and supplementary instructions for his agents specifically regarding Promise Fiduciary LLC. In Jeff’s absence or incapacity, another fiduciary is named in documents to ensure continuity in service through any transition. Of course, our client’s estate plans will have language regarding what happens in Jeff’s inability to act.
Q. What are your fees? How do you charge for your services?
You only pay us when we are actively serving you in a professional fiduciary capacity. We believe in the importance of transparency regarding fees. Please ask us for a current published Fee Schedule.
Q. Who am I naming in my estate planning documents?
The typical language to appoint us to serve in a fiduciary capacity is the following: “I/we appoint Jeffrey G. Cory in his personal capacity as President of Promise Fiduciary LLC, or if he is unable to serve, the acting President of Promise Fiduciary LLC.”
Q. How do I know you will manage my estate properly during my lifetime or at death?
All of our relationships at Promise Fiduciary are built on a foundation of trust and integrity. We treat our clients like family. To provide an additional layer of assurance and accountability to our clients, we engage the services of a third-party independent CPA firm to perform an annual fiduciary audit of our company’s systems and procedures. A fiduciary audit is a systematic, independent examination and evaluation of our practices, governance, financial and risk management and compliance.
DISCOVER THE PROMISE FIDUCIARY DIFFERENCE.
Smart estate planning should never perplex, puzzle, or confound. We welcome the opportunity to speak with you about your specific estate planning, philanthropic, and legacy goals and concerns and to learn how Promise Fiduciary can support your success today and in the future.
