A fiduciary maintains several responsibilities, including fulfilling the terms that are outlined in a trust document. A fiduciary can also serve as a conservator in charge of managing an individual's estate, or he or she can act as a personal representative of a decedent, appointed by the court to carry out the terms of the deceased’s estate.
To become a fiduciary, candidates must possess at least 3-5 years of professional experience; obtain a license as a certified public accountant or a legal degree; and complete a minimum of 15 hours of continuing education courses. He or she must also obtain a license from the Professional Fiduciaries Bureau, among other requirements. In the state of California, the Professional Fiduciaries Bureau and the Professional Fiduciary Association of California provide a great deal of information for individuals interested in becoming private professional fiduciaries.