Most people are completely unaware of the heavy personal legal and financial responsibility they accept when they agree to ...

Forbes contributors publish independent expert analyses and insights. I write about charitable giving and estate planning ideas. So, Aunt Jane just asked you to be the trustee of her trust. You were ...

Learn how charge and discharge statements provide a clear overview of income and expenses in estate accounting, ensuring fair fiduciary management and distributions.

As with all other fiduciary duties, accounting is an integral part of being a fiduciary of an estate or trust, and must be handled with due care to protect both the fiduciary and the beneficiaries. A ...

Financial advisors provide expert guidance on various aspects of your finances, including investments, retirement planning, tax optimization, financial planning, and even budgeting. They help you make ...

As any experienced doctor or lawyer may tell you, occasional malpractice claims are inevitable by-products of a busy and long-lasting practice. Many accountants, on the other hand, will proudly affirm ...

Recently, there seems to be some confusion regarding section 643(b) of the Internal Revenue Code of 1986, as amended (the “Code”), and its application to trusts. Indeed, that provision—particularly to ...

Check out this month's Trust & Estates digital edition magazine for the latest on cryptocurrency and the role fiduciary professionals play for their clients. The fiduciary’s role has never been easy, ...

In Revenue Ruling 2006-26, 1 the Internal Revenue Service focused on two fiduciary accounting rules involving payments from an individual retirement account (IRA) to a trust intended to qualify for ...

Understand what a fiduciary designation entails and how it sets these financial advisors apart Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance ...

Not all forms of accounting are the same. Some focus on costs, others on audits and some focus on taxes. While having a solid handle on your business’s finances is essential, how you track business ...