Do's and Don'ts of Trustee Accounting
Howard Sanger, Attorney
Howard is a Certified Specialist, Taxation Law, member of the California State Bar, and the State Bar of California Board of Legal Specialization. He earned his bachelor’s degree from UC, Berkeley; his J.D. degree from UCLA Law School, and his LLM (taxation) from NYU Law School.
He is a past President of the San Fernando Valley Estate Planning Council, a past President of the Beverly Hills Bar Association Probate Committee, a past secretary of the Taxation Section of the State Bar of California, and is a member of the Desert Estate Planning Council.
Howard is the co-author of Chapter 30 “Trustee Accounting Powers” in the three volume Will Drafting treatise published by the California Continuing Education of the Bar (“CEB”). He has authored articles on tax, estate planning, and partnership issues, which have appeared in such journals as "Taxes -- The Tax Magazine." He has over a quarter century of experience in estate planning, trust and estate administration, tax planning and disputes, partnership accountings, and advising clients on establishing, buying, and selling businesses.
Fiduciaries and beneficiaries can be personally liable for a decedent’s state, federal and property taxes! And penalties!
“An executor’s worse nightmare: personal liability for a decedent’s unpaid state and federal taxes.
A beneficiary’s worse nightmare: personal liability for a decedent’s unpaid state and federal taxes.”
Do’s and don’ts, and why hiring a knowledgeable CPA is critical.