How Trust Accounting Can Support Legal Proceedings
Trust accounting serves as the backbone of effective estate management, but its significance extends beyond routine administration. When legal disputes arise, proper trust accounting becomes a crucial tool that can make or break a case.
Essential Trust Accounting Practices for Trustees and Executors
As a trustee or executor, one of your most critical responsibilities is managing trust assets and ensuring accurate financial reporting. Trust accounting is not just about balancing numbers—it's about maintaining transparency, complying with legal obligations, and fostering trust with beneficiaries.