CPAs as trust protectors
By: Allmon, Michael B [author]
Language: English Set: CPAs as trust protectorsCopyright date: 2007 In: Journal of Accountancy Vol. 203 Issue 3: ( March 2007), pages 42-45Summary: The article examines issues surrounding the management of trusts by accountants on behalf of clients. Discussed is the role of an accountant as a protector of a trust working in concert with a professional trustee. The piece explains that the appointment of an accountant as a trust protector allows the beneficiaries of a client to avoid probate. The article outlines the powers trust protectors hold as well the legal liabilities they could face from beneficiaries and the problem of an uncertain fee structure. INSET: It Works Well for Me.| Item type | Current location | Home library | Call number | Status | Date due | Barcode | Item holds |
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JOURNAL ARTICLE
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COLLEGE LIBRARY | COLLEGE LIBRARY PERIODICALS | Not for loan |
Total holds: 0
The article examines issues surrounding the management of trusts by accountants on behalf of clients. Discussed is the role of an accountant as a protector of a trust working in concert with a professional trustee. The piece explains that the appointment of an accountant as a trust protector allows the beneficiaries of a client to avoid probate. The article outlines the powers trust protectors hold as well the legal liabilities they could face from beneficiaries and the problem of an uncertain fee structure. INSET: It Works Well for Me.
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