Advice for lawyers who handle probate of estates and administer trusts.

In 2015, the Fiduciary Accounting Handbook answered the call of professionals from probate judges and examiners to trust administration attorneys for a book demystifying preparation of Probate Code accountings. Revised for 2017, the Handbook provides a step-by-step, schedule-by schedule guide to preparing periodic accountings acceptable to the court and to affected parties.

It is a multistate guide that covers how to set up and administer trusts in all fifty states. It enables the practitioner to keep abreast of the increasingly complex state rules that govern the establishment, maintenance and taxation of trusts and is of interest to the accountant and financial planner who makes provisions for his client's wealth management. The book deals with the individual state rules for the creation of a trust, for appointing a trustee (including the qualifications that the trustee must have and the fiduciary duties that the trustee will owe to the grantor and the beneficiaries). This publication also discusses the accounting aspects of maintaining a trust from the state point of view, including creditor's rights in a trust, the different distribution standards in trust agreements, the effect of the Uniform Principal and Income Act (as adopted by each individual state), investment standards and total return trusts.

Being appointed the task of carrying out the terms of a will or trust is daunting, especially if it's your first time. Wilson takes the worry out of the process and provides information on important responsibilities that must be performed after a loved one dies.

"This Action Guide explains when and how to prepare a fiduciary accounting in a conservatorship, guardianship, trust, or estate administration. Step-by-step instructions include sample schedules presented in the format required for all court accountings."--Scope of guide.