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Eric Mayfield
Principal Fiduciary


Eric Mayfield, Principal FiduciaryAs a principal fiduciary of Konsulati, Inc., Mr. Mayfield lives by the company's mission statement, assigned to trust, uphold integrity, and promote longevity. He has over 20 years experience in computer consulting and technical training. Many applications he developed include a Gift Donor system used by UCLA to track small sums to multi-million dollar estates, Property Appraising Systems for an underwriting firm, and e-Commerce applications for public, private, and government entities. His training engagements yielded a profit for his employer of $1.2 million per year and he has managed projects which generated new business in pre-sales engagements. He has operated his own business since 1993 and negotiated contracts with distributors and attorneys for the corporation. His educational background is very diverse, ranging from Computer Science to Linguistics. While engaged in research for linguistics, Mr. Mayfield wrote papers on significant speech production errors in aphasics and human-language simulation by way of finite-state technology.

Mr. Mayfield is a life-long student. Though he has earned an Associate in Arts degree in Computer Science, a Bachelor in Arts and Master in Arts in Linguistics, Fiduciary Management Certificates for Trust Administration and Conservatorships, he continues to educate himself by attending community college for personal enrichment and professional development. 

For additional information, please see Mr. Mayfield's Curriculum Vitae

 

 

Estate or Trust Administration

A trustee will manage investments, keep records, manage assets, prepare court accountings, pay bills (depending on the nature of the trust) medical expenses, charitable gifts, inheritances or other distributions of income and principal. Trustees are not required to exercise all of the powers that they are granted.[2] A trustee can manage any number of trust types, including Charitable, Special Needs Trusts, ILIT, Corporate, and Estate Trusts.

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Conservator / Committee

The term conservatorship is synonymous with elderly guardian but used mostly in the western United States. It is a court-appointed process that can be very expensive as the petitioners and proposed conservatee all must be represented by attorneys, with just a few exceptions for in pro per family members without objections. The reason for the expense is that the proposed conservatee's estate is expected to bear the burden of the court costs in the procedures to appoint.
 

Powers of Attorney

Under common law, a power of attorney becomes ineffective if its grantor dies or becomes "incapacitated," meaning unable to grant such a power, because of physical injury or mental illness, for example, unless the grantor (or principal) specifies that the power of attorney will continue to be effective even if the grantor becomes incapacitated. This type of power of attorney is called "power of attorney with durable provisions" in the United States or "enduring power of attorney" elsewhere. In effect, under a durable power of attorney (DPoA) [1] Read more

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