Tasks of a CPA During Probate Administration
When administering a trust or estate, a CPA can carry out many important tasks. Many of these tasks involve the preparation and filing of tax returns.
Successor Trustees Owe a Duty of Loyalty
During the administration of a trust, a trustee owes a duty of loyalty. A breach of the duty of loyalty could lead to trust litigation.
Understanding Joint and Several Liabilities for Trustees
Acting as a co-trustee may lighten the workload, but it does not reduce your potential liabilities. Co-trustees can be held jointly and severally liable.
How Trustees Steal From Trusts During Trust Administration
8 Ways Trustees Steal From Trusts. Can a trustee steal assets from an trust? The following is an overview of some of the more common methods.
Trustee’s Duty – What is the Prudent Investor Rule?
Under California trust law, trustees have an obligation to fulfill certain duties. In 1995, California adopted its own version of the Uniform Prudent Investor Act, imposing a prudent investor rule. Learn more here.