[WSBAPT] Professional Fiduciary - Licensing/Requirements

[Doug Schafer]

My understanding is that if the CPA will be a professional fiduciary in 
his/her individual name, no license is needed, but if the CPA intends to 
operate as a corporation or LLC, they'll need to become licensed by the WA 
Dept. of Financial Institutions.
see: https://dfi.wa.gov/trusts

Doug Schafer, in Tacoma.

On 10/6/2022 11:02, David Faber wrote:
> A local CPA has inquired with me about becoming a professional 
> fiduciary (PR/Trustee/Agent) and I would very much like to help them get 
> started because we desperately need local professional fiduciary 
> services. I can find no licensure or other clear requirements for someone 
> to hold themselves out as a professional fiduciary, but before I 
> communicate that back to them I want to ask the list: am I missing 
> something? Is there any sort of licensure or certification requirement 
> before a court will appoint a professional fiduciary? Can you point me 
> toward a resource that can help?
>
> Thank you.
>
> Best,
> David J. Faber
> Faber Feinson PLLC
> 800 Polk Street, Suite B
> Port Townsend, WA 98368
> (360) 379-4110
>
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