Topic: Fiduciary Accounting
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Answers to Common Questions
What is a fiduciary account?
fiduciary account -- a savings account, the funds of which are owned by one individual but administered for that individual's benefit by another individual, such as a legally appointed conservator, trustee, or agent. Read More »
Source: http://wiki.answers.com/Q/What_is_a_fiduciary_account
What is fiduciary accounting?
Proper accounting for property that is entrusted to the fiduciary acting under the conditions set forth in a deed Read More »
Source: http://wiki.answers.com/Q/What_is_feduciary_accounting
How do you obtain funds that are deposited in a fiduciary account...
The fiduciary is the person with the authority to make deposits to and withdrawals from a fiduciary account. If the original fiduciary cannot act a new fiduciary must be appointed. Read More »
Source: http://wiki.answers.com/Q/How_do_you_obtain_funds_that_are_deposi...
More Common Questions
Answers to Other Common Questions
The POA holder clearly has breached their fiduciary duties. You need to immediately retain an estate litigation attorney to bring an action for an immediate and full accounting and then a surcharge action for recovery of the sums. The real ...
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Source: http://www.avvo.com/legal-answers/what-are-the-responsibilities-o...
Plan fiduciaries have a specific obligation to consider the fees and expenses paid by your plan for its operations. ERISA’s fiduciary standards, discussed above, mean that fiduciaries must establish a prudent process for selecting investmen...
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Source: http://www.dol.gov/ebsa/publications/wyskapr.html
A trust agreement is usually drafted in a way that allows a trustee access to the trust's assets (property and bank accounts). However, this does not give the trustee the right to personally use the assets. A trustee must act in the best in...
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Source: http://answers.yahoo.com/question/index?qid=20091029093941AAtaAfs
Fiduciary accounts are deposit accounts owned by one party but held in a fiduciary capacity by another party. Fiduciary relationships may include, but are not limited to, an agent, nominee, guardian, executor or custodian. Common fiduciary ...
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Source: http://www.fdic.gov/deposit/Deposits/insured/faq.html
Qualified funds are fiduciary monies received by a lawyer that in the good faith judgment of the lawyer, are nominal in amount or are reasonably expected to be held for such a short period of time that sufficient interest income will not be...
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Source: http://paiolta.org/AttorneyComp/rulesreg.htm
The fiduciary nature of the account must be disclosed in the bank’s deposit account records (e.g., “Jane Doe as Custodian for Susie Doe” or “First Real Estate Title Company, Client Escrow Account”). The name and ownership interest of each o...
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Source: http://www.fdic.gov/deposit/Deposits/insured/faq.html
When the account of any fiduciary is settled in a suit, it shall be the duty of the clerk of the court in which such suit is, within ten days after the close of the term of court at which the final decree in such suit is entered, to certify...
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Source: http://www.legis.state.wv.us/WVCODE/ChapterEntire.cfm?chap=44&art...
