Nine Fiduciary Accounting No Nos

When you’re a fiduciary under California’s Probate Code, such as a guardian or conservator, you’ll be required to prepare some type of fiduciary accounting for the court. You’ll probably hire an accountant to crunch the numbers, but ultimately you’re the one responsible for its contents, and you should know the common mistakes and problems that arise in fiduciary accountings.

In this video, Margaret M. Hand, a certified specialist in estate planning, trust, and probate law, discusses common mistakes made in fiduciary accountings, including the problems that most alarm judges.

CEB’s new Fiduciary Accounting Handbook will help you learn how to prepare fiduciary accountings from start to finish and avoid common mistakes—including critical information for both the person preparing the accounting and the attorney submitting it to the court.

Other CEBblog™ posts you may find useful:

• Tax Tip for California Resident Trustee with Nonresident Beneficiaries
• Attorney as Trustee: Watch Out for Double Compensation
• Is a Conservatorship Needed?

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