A trust accounting protects beneficiaries against negligent or underhanded trustees, but it also provides essential protection for trustees against liability. In simple terms, a California trust accounting is a window into how a trustee is administering the trust. But that’s … Read More
As a trustee, you have considerable power, but as the saying goes, “With great power comes great responsibility.” A California trust accounting is an essential component of a trustee’s duties. Following trust accounting rules ensures your accounting is compliant and … Read More
A trustee wields considerable power over a trust. However, there are mechanisms in place to ensure a trustee is adhering to the law and complying with the trust document. One such mechanism is a trust accounting. Here is what to … Read More
Typically, distribution of trust assets will take 12-18 months for a beneficiary to receive trust assets in trust account distribution. This time can be extended without considerable CPA expertise. The process can be complicated, and knowing what to anticipate can … Read More