EVERY TRUST NEEDS THIS

In every industry, there are specialists who possess expertise in particular areas. The CPA industry is no exception. While certified public accountants (CPAs) are generally knowledgeable about various aspects of accounting and finance, not all CPAs may have a deep understanding of trust structures.

Trust structures are complex legal arrangements that involve a trustee holding and managing assets on behalf of beneficiaries. They can be used for a variety of purposes, such as estate planning and asset protection. Understanding the tax implications and intricacies of trust structures requires specialized knowledge and experience.

As a result, there are CPAs who specialize in trust and estate planning, and they possess the expertise necessary to navigate the complexities of trust structures.