Financial Health Services For Successor Trustees or Trustees
When a trustee is named to be the fiduciary for a trust (revocable or irrevocable), the trustee will need outside financial advice. It is important that the person(s) who sets up the trust, understands that the role of the trustee is a separate role from that of CPA or Lawyer. Periodic trust accounting and other services will need to be produced. Therefore, it makes sense to contract with an outside CPA to provide the Trustee with financial advice.