Trust Accounting Requirements: A Guide for Trustees and Executors
When you’re appointed as a trustee or executor, you’re entrusted with more than just managing assets—you’re responsible for maintaining transparency, protecting beneficiaries’ interests, and ensuring strict compliance with legal and fiduciary obligations. One of the most critical duties in this role is trust accounting.
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.