what is the accountant’s role in the revised uniform state trust laws?
by seymour goldberg, cpa, jd
most states over the last few years have enacted significant changes in the state trust laws regarding the definition of accounting income and principal. for the most part, these laws and rules apply to existing trusts and newly formed trusts. these state laws have a dramatic effect on the rights of trust beneficiaries as well as the rights and liabilities of trustees.
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