Are you a beneficiary who is contemplating suing a trustee or a lawyer representing a beneficiary filing a suit against a trustee? If so, you need an expert team on your side to succeed in court, and a trust accountant should always be considered an essential part of your arsenal. Numbers don’t lie even if a trustee might, and a
Marcia L. Campbell, CPA
What Can a Special Needs Trust Pay for in California?
For people with disabilities, government benefits are critical to their ability to survive and finance basic life necessities. But survival is the bare minimum, and your disabled loved one deserves the opportunity to live their life to the fullest! Unfortunately, the rules surrounding these benefits make losing eligibility far too easy when trying to supplement their income. And that’s where…
How a Trust Accounting Can Uncover a Misappropriation of Funds
When someone becomes a successor trustee, they gain substantial power over a trust and its assets. Unfortunately, for some trustees, the temptation to use trust assets for their own benefit is too great. When they do, it can have enormous consequences on your inheritance, the trust, and the legacy your loved one left behind. One common way trustees exploit their…
Who Can Be an Executor if You Have no Family in California?
After creating your will, appointing an executor to carry out your wishes is a huge decision to make that will ripple across generations. But if you live in California, who can be an executor if you have no family? You can appoint anyone, but even if you have family, hiring a professional is often the best option for everyone’s…
Who Should You Name as a Trustee? Why to Hire A Fiduciary!
A trustee has considerable influence over the well-being of beneficiaries and your legacy, so choosing one is a decision you should never take lightly. But who should you name as a trustee? In a perfect world, you could select a family member and trust them to handle these affairs while acting with the utmost integrity and expertise… but the world…
How to Talk to Siblings About an Aging Parent’s Care & Finances
As your parents age, you and your siblings will have to have some tough conversations. Many people want to avoid having these conversations for as long as possible. But putting them off can have dire consequences. If your parents need more help, you may be wondering how to talk to siblings about an aging parent’s care and finances.
At Marcia…
The Power of Financial Planning for Seniors in 2024
Planning and preparation provide the power to control and shape your future. Whether you are a senior or have a senior loved one approaching retirement, this exciting life stage is full of possibilities, but planning is crucial to make the most of them. Ultimately, sooner is better than later, especially when it comes to financial planning for seniors. This preparation…
How Do You Choose a Fiduciary for the Elderly?
If you need help managing your parents’ finances, a fiduciary for the elderly can be an answered prayer. A fiduciary assumes the responsibility of managing your parents’ money and assets. They do this by following instructions laid out in documents like a trust or power of attorney. Still, for their financial well-being, it is essential to ensure your parents are…
Private Fiduciary for the Elderly: How They Work
As we get older, managing our finances becomes more of a challenge, but this is no excuse not to stay on top of financial obligations. Letting your parents manage their finances alone is legitimately hazardous to them and their financial health. Hiring a fiduciary for the elderly enables your parents to maintain their independence, ensures their finances are in expert…
What Are Good Gifts for Elderly Family Members Who Have Everything?
The holidays are officially upon us. You are likely looking for the perfect gifts to ensure all your loved ones have a Hallmark-worthy holiday. While some people are easy to shop for, finding gifts for elderly family members who already have everything can be difficult. But it is not impossible, and it is important to encourage them to make the…