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 thatโs … Read More
As a trustee, you have considerable power, but as the saying goes, โWith great power comes great responsibility.โ A California trust accounting is an essential component of a trusteeโs duties. Following trust accounting rules ensures your accounting is compliant and … Read More
When a child inherits significant assets, they often lack the maturity to manage them responsibly. A guardianship of the estate is a legal tool that protects a childโs assets to preserve their future quality of life. Still, being a guardian … 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