The following article was written by Kim Stone-Vilim, CPA. Kim is the Accountants Program Manager at All Risks, Ltd. in Geneva IL. She can be reached at email@example.com.
You receive a message from a client: “Hey Mr./Ms. CPA, you’ve been my accountant for several years, and I’m finally getting around to putting my estate together. Would you serve as my trustee?”
This seems like an innocent enough question and a way to earn some pretty easy fees. Who wouldn’t say ‘yes’? Well, not so fast!