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Month: November 2015

The case for preparing annual estate accounts

Posted on November 30, 2015

It’s prudent for executors and trustees to hire an expert to prepare the estate accounts and the trust tax return at the same time, says Avi Dahary, founder of AccounTrust. “Retaining an accountant who specializes in both estate accounting and tax matters is the most efficient route because the same information that’s written up in the estate or […]

Posted in Estate Accounting

After the estate trustee is no longer accountable to the OCL

Posted on

Although trustees are no longer legally compelled to submit estate accounts to the Office of the Children’s Lawyer after a beneficiary reaches 18 years of age, they still have a legal duty as a person in a fiduciary position to provide an accounting to the beneficiary, says Avi Dahary, founder of AccounTrust. “As long as the beneficiary was a minor, the estate trustee was accountable […]

Posted in Estate Accounting