What is a trust accounting? A trust accounting protects beneficiaries against negligent or underhanded trustees, but it also provides essential protection for trustees against liability. In simple terms, a California trust accounting is a window into how a trustee is administering the trust. But that’s only telling part of the story. At Marcia L. Campbell, we have prepared accurate
As a trustee, you have considerable power, but as the saying goes, “With great power comes great responsibility.” A California trust accounting is an essential component of a trustee’s duties. Following trust accounting rules ensures your accounting is compliant and you avoid costly penalties, litigation, or worse.
At Marcia L. Campbell, we have prepared accurate and compliant accountings for decades
This spring my study partner from law school passed away from pancreatic cancer. After college, I worked for three years …
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Trust Administration: Streamlining, Protecting, and Guiding Asset Management
In this example, the deceased individual also referred to as the grantor, created a trust for the benefit of himself and his family. The Trustmaker transferred his assets into a trust and established the terms and conditions that govern its operation. This includes decisions on how the trust assets should be managed,
As people get older, they naturally need more help to live independently, preserve their dignity, maintain their quality of life, and make the most of their golden years. Elder care financial services offer crucial assistance to seniors, like aging parents, that enables them to maintain their independence, provides peace of mind to their loved ones, and reduces unnecessary strains on
Estate planning is not just a prudent financial decision; it is a critical step that holds profound importance for veterans and active military members. These brave individuals face unique challenges and risks in their service to our country, making planning for the future even more essential. By taking control of their financial affairs and ensuring the well-being of their loved
If you’re like a lot of people who have just retired or are nearing retirement age, you’re probably wondering (and let’s face it – maybe a little worried) about what you are going to do with all the free time you’ll now have.
But here’s an idea: Think of retirement as the next chapter in your life. Instead of looking
About a year ago, my office implemented a Continuing Client Care program (C3 for short). The purpose of this was …
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In the rush of daily life today, planning for anything more than a few days in advance can be difficult. But when it comes to your financial goals, including estate planning and asset protection, planning ahead is essential. It’s also key to becoming a quiet millionaire.
A quiet millionaire is someone who sets financial goals, budgets, saves, manages assets and
You’ve done your taxes, now it’s time to get your estate plan done! Ugh, tax season is the worst! It’s so …
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