Acting as a fiduciary isn’t always easy. A fiduciary owes many duties to the beneficiaries, and a breach of a duty can result in liability. One of these responsibilities is the duty to account.

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 ...

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 ...

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

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 ...

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 ...

A fiduciary is a person or organization that has a legal requirement to act in the best interests of their clients. They may face serious legal consequences for failing to do so. Financial fiduciaries ...

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, ...

A fiduciary bond acts as a financial guarantee by ensuring a fiduciary acts in the best interest of the party the fiduciary serves, protecting estates and beneficiaries Written By Written by Staff ...

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 ...