Accounting for Fiduciaries' Actions 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 ...

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 ...

In Revenue Ruling 2006-26, 1 the Internal Revenue Service focused on two fiduciary accounting rules involving payments from an individual retirement account (IRA) to a trust intended to qualify for ...

When you hire a financial adviser, you assume they work in your best interest. Unfortunately, that's not always the case. Many people have been caught in the trap of assuming a financial adviser is ...

A fiduciary is legally bound to act in another party's best interest. Fiduciary duty is the highest standard of care in law and ethics. Roles like trustee, guardian, and steward are conceptual ...