The CPA’s Introduction to Serving as a Trustee

By Josh Yager and Ryan Wolfshorndl, Anodos Advisors

So, you're a CPA and a trustee. You said "Yes" when your client asked, "Will you serve as my successor trustee?" We don’t need to belabor why you said yes, or whether you regret saying yes, or if your partners are happy about your decision. What's done is done. You said, "Yes, I will be your successor trustee and care for your widowed wife and orphaned children."

Pages

Latest Articles

  • 17 Dec

    War Story 113

    #113: Difficult Client; Tax Planning and Return Preparation Services — A client with high turnover and disorganization in its accounting and financial staff is not only frustrating, but also a liability exposure if documentation is not thorough.

    read more

  • 17 Dec

    General Data Protection Regulation

    General Data Protection Regulation ("GDPR") is a European mandate that went into effect on May 25, 2018. The regulation is designed to establish uniform data privacy law across the European Union, and applies to any EU established business, including U.S. companies and firms with offices i... read more

  • 17 Dec

    Documentation Tips for Tax Season

    With the increasing complexities in tax law and regulations facing CPAs today in light of the Tax Cuts and Jobs Act ("Tax Act," "Act" or "TCJA"), which introduced the most significant changes to the U.S. tax system since 1986, it is even more difficult to stay current on risk management an... read more