It is often common for accountants to be chosen as Trustees because of their knowledge about financial matters. Accountants should help guide clients through the process of selecting a trust to avoid scams. This article discusses some of the scam trusts that clients should be wary of. Individuals who are looking to create a trust should seek out expert advice to avoid being taken advantage of. People who try to set up a trust without having any knowledge could potentially fall prey to some of the scams that this article discusses. Clients should be given the tools they need to make a wise decision about trust creation.
See Seymour Goldberg, Protect Your Clients From Trust Scams, accounting today, July 7, 2015.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.
